<SEC-DOCUMENT>0001628280-20-012600.txt : 20200813
<SEC-HEADER>0001628280-20-012600.hdr.sgml : 20200813
<ACCEPTANCE-DATETIME>20200813141137
ACCESSION NUMBER:		0001628280-20-012600
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200813
FILED AS OF DATE:		20200813
DATE AS OF CHANGE:		20200813

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEEKAY CORP
		CENTRAL INDEX KEY:			0000911971
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12874
		FILM NUMBER:		201098695

	BUSINESS ADDRESS:	
		STREET 1:		4TH FLOOR, BELVEDERE BUILDING
		STREET 2:		69 PITTS BAY ROAD
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 08
		BUSINESS PHONE:		604-683-3529

	MAIL ADDRESS:	
		STREET 1:		SUITE 2000,  BENTALL 5
		STREET 2:		550 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2K2

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEEKAY SHIPPING CORP
		DATE OF NAME CHANGE:	19950609

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VIKING STAR SHIPPING INC
		DATE OF NAME CHANGE:	19930914
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tkcq2-20erdocument.htm
<DESCRIPTION>6-K
<TEXT>
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<div><a name="sB0E7342063C350929531388FCA63BC41"></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:682px;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:Arial;font-size:18pt;font-weight:bold;">UNITED STATES </font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:Arial;font-size:18pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">WASHINGTON, D.C. 20549 </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">_________________________</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:Arial;font-size:18pt;font-weight:bold;">FORM 6-K </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">_________________________</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Report of Foreign Private Issuer </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Pursuant to Rule 13a-16 or 15d-16 of </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">the Securities Exchange Act of 1934 </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Date of Report: </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">August&#160;13, 2020</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Commission file number 1- 12874 </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">_________________________</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:24pt;"><font style="font-family:Arial;font-size:24pt;font-weight:bold;">TEEKAY CORPORATION </font></div><div style="line-height:120%;text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(Exact name of Registrant as specified in its charter) </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">_________________________</font></div><div style="line-height:120%;text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Suite 2000 - 550 Burrard Street, Bentall 5, Vancouver, BC V6C 2K2 Canada</font></div><div style="line-height:120%;text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(Address of principal executive offices)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">_________________________</font></div><div style="line-height:120%;text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:682px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Form 20-F </font><font style="font-family:Wingdings;font-size:9pt;">&#253;</font><font style="font-family:Arial;font-size:9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Form 40- F </font><font style="font-family:Wingdings;font-size:9pt;">&#168;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;Yes </font><font style="font-family:Wingdings;font-size:9pt;">&#168;</font><font style="font-family:Arial;font-size:9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No </font><font style="font-family:Wingdings;font-size:9pt;">&#253;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7).</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Yes </font><font style="font-family:Wingdings;font-size:9pt;">&#168;</font><font style="font-family:Arial;font-size:9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No </font><font style="font-family:Wingdings;font-size:9pt;">&#253;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:682px;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">1</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s11C1AD8D6C935502A8112966D39E6812"></a></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Item 1 &#8212; Information Contained in this Form 6-K Report</font><font style="font-family:Arial;font-size:10pt;">&#32;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Attached as Exhibit 1 is a copy of an announcement of Teekay Corporation dated </font><font style="font-family:Arial;font-size:10pt;">August&#160;13, 2020</font><font style="font-family:Arial;font-size:10pt;">. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">SIGNATURES </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:304px;"></td><td style="width:37px;"></td><td style="width:16px;"></td><td style="width:325px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">TEEKAY CORPORATION</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Date: August&#160;13, 2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By:</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">/s/ Vincent Lok</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vincent Lok </font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">2</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s790AE37A94435A76AFD74DCDEA9D4BB0"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;"><img src="newsreleasea11.jpg" alt="newsreleasea11.jpg" style="height:49px;width:229px;"></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:19pt;"><font style="font-family:Arial;font-size:19pt;color:#003698;font-weight:bold;">TEEKAY CORPORATION REPORTS</font></div><div style="line-height:120%;text-align:left;font-size:19pt;"><font style="font-family:Arial;font-size:19pt;color:#003698;font-weight:bold;">SECOND</font><font style="font-family:Arial;font-size:19pt;color:#003698;font-weight:bold;">&#32;QUARTER </font><font style="font-family:Arial;font-size:19pt;color:#003698;font-weight:bold;">2020</font><font style="font-family:Arial;font-size:19pt;color:#003698;font-weight:bold;">&#32;RESULTS</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#13b3f2;">Highlights</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:30px;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;text-indent:-30px;"><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">GAAP net </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">income</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#32;attributable to shareholders of Teekay of </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">$21.7 million</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">, or </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">$0.21</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#32;per share, and adjusted net </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">income</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#32;attributable to shareholders of Teekay</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:pt">(1)</sup></font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#32;of </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">$39.7 million</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">, or </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">$0.39</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#32;per share, in the second quarter of 2020 (excluding items listed in </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;font-style:italic;">Appendix A</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#32;to this release).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:30px;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;text-indent:-30px;"><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">Total adjusted EBITDA</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:pt">(1) </sup></font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">of </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">$315.9 million</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#32;in the second quarter of 2020, a 61 percent increase over the same period of the prior year.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:30px;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;text-indent:-30px;"><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">Reduced consolidated net debt by over $267 million in the second quarter of 2020; and total consolidated liquidity position of approximately $940 million as of June 30, 2020.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:30px;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;text-indent:-30px;"><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">Teekay Parent received $67 million of cash related to the previously-announced new </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;font-style:italic;">Foinaven </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">FPSO contract in April 2020; eliminated all of its remaining Teekay Tankers debt guarantees as a result of Teekay Tankers' debt refinancing in August 2020; and secured commitments for a new equity margin revolver at substantially similar terms to refinance its undrawn December 2020 debt maturity, subject to final documentation.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:30px;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;text-indent:-30px;"><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">Teekay LNG reported another record-high adjusted net income in the second quarter of 2020. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:30px;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;text-indent:-30px;"><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">Teekay Tankers delivered nine vessels onto previously announced time charter-out contracts, increasing the percentage of the fleet on fixed-rate charters to approximately 23 percent and reducing its spot fleet free cash flow breakeven rate to $12,700 per day</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:pt">(3)</sup></font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#32;through mid-2021.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:30px;font-size:3pt;"><font style="font-family:Arial;font-size:3pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:justify;font-size:9.5pt;"><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;font-weight:bold;">Vancouver, Canada, </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;font-weight:bold;">August&#160;13, 2020</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#32;- Teekay Corporation (</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;font-style:italic;">Teekay</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#32;or </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;font-style:italic;">the Company</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">) (NYSE:TK) today reported results for the second quarter ended June 30, 2020. These results include the Company&#8217;s two publicly-listed consolidated subsidiaries, Teekay LNG Partners L.P. (</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;font-style:italic;">Teekay LNG</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">) (NYSE:TGP) and Teekay Tankers Ltd. (</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;font-style:italic;">Teekay Tankers</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">) (NYSE:TNK) (collectively, the </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;font-style:italic;">Daughter Entities</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">), and all remaining subsidiaries and equity-accounted investments. Teekay, together with its subsidiaries other than the Daughter Entities, is referred to in this release as </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;font-style:italic;">Teekay Parent</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">. Please refer to the </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">second</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#32;quarter </font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">2020</font><font style="font-family:Arial;font-size:9.5pt;color:#2c2c2c;">&#32;earnings releases of Teekay LNG and Teekay Tankers, which are available on Teekay's website at</font><font style="font-family:Arial;font-size:9.5pt;color:#2e3337;">&#32;</font><font style="font-family:Arial;font-size:9.5pt;color:#40b4e5;text-decoration:underline;">www.teekay.com</font><font style="font-family:Arial;font-size:9.5pt;color:#0000ff;">,</font><font style="font-family:Arial;font-size:9.5pt;">&#32;</font><font style="font-family:Arial;font-size:9.5pt;color:#2e3337;">for additional information on their respective results.</font></div><div style="line-height:120%;text-align:justify;font-size:6pt;"><font style="font-family:Arial;font-size:6pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Financial Summary</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:681px;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:9px;"></td><td style="width:324px;"></td><td style="width:112px;"></td><td style="width:3px;"></td><td style="width:112px;"></td><td style="width:3px;"></td><td style="width:112px;"></td><td style="width:3px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-style:italic;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">March 31,</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td></tr><tr><td colspan="2" rowspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-style:italic;font-weight:bold;">&#160;(in thousands of U.S. dollars, except per share amounts) </font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2019 </font><font style="font-family:Arial;font-size:8pt;color:#ffffff;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(2)</sup></font></div></td></tr><tr><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td colspan="4" style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;font-weight:bold;">TEEKAY CORPORATION CONSOLIDATED </font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;font-weight:bold;">GAAP FINANCIAL COMPARISON</font></div></td><td style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">Revenues</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">482,805</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">574,054</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">462,397</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">Income from vessel operations</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">148,504</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">128,896</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">71,463</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">Equity income (loss)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">35,343</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">2,313</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">(6,284</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">Net income (loss) attributable to</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">shareholders of Teekay</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">21,723</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">(49,805</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">(39,485</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">Earnings (loss) per share attributable to </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">shareholders of Teekay</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">0.21</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">(0.49</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">(0.39</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;font-weight:bold;">NON-GAAP FINANCIAL COMPARISON</font></div></td><td style="vertical-align:bottom;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">Total adjusted revenues </font><font style="font-family:Arial;font-size:8pt;color:#2f3337;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">592,658</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">681,353</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">532,138</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">Total adjusted EBITDA </font><font style="font-family:Arial;font-size:8pt;color:#2f3337;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">315,869</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">342,198</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">196,609</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">Adjusted net income (loss) attributable </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">to shareholders of Teekay </font><font style="font-family:Arial;font-size:8pt;color:#2f3337;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">39,713</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">25,259</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">(13,368</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">Adjusted net income (loss) per share </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">attributable to shareholders of Teekay </font><font style="font-family:Arial;font-size:8pt;color:#2f3337;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">0.39</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">0.25</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">(0.13</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;font-weight:bold;">TEEKAY PARENT </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;font-weight:bold;">NON-GAAP FINANCIAL COMPARISON</font></div></td><td style="vertical-align:bottom;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">Teekay Parent adjusted EBITDA </font><font style="font-family:Arial;font-size:8pt;color:#2f3337;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">9,716</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">5,139</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">3,427</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">Total Teekay Parent free cash flow </font><font style="font-family:Arial;font-size:8pt;color:#2f3337;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">(1,886</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">52,689</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">(6,427</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2f3337;">)</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">3</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:7.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;">These are non-GAAP financial measures. Please refer to &#8220;Definitions and Non-GAAP Financial Measures&#8221; and the Appendices to this release for definitions of these terms and reconciliations of these non-GAAP financial measures as used in this release to the most directly comparable financial measures under United States generally accepted accounting principles (</font><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;font-style:italic;">GAAP</font><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;">).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:7.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;">Comparative balances relating to the three months ended June 30, 2019 have been recast to reflect results consistent with the presentation in the Company&#8217;s 2019 Annual Report on Form 20-F and Form 6-K for the three and six months ended June 30, 2020.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:7.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;">Please refer to &#8220;Definitions and Non-GAAP Financial Measures&#8221; for definition of free cash flow in the Teekay Tankers Second Quarter of 2020 earnings release. The figures also includes expenditures for drydock and ballast water treatment system installation. </font></div></td></tr></table><div style="line-height:120%;padding-top:20px;text-align:justify;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">CEO Commentary</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#8220;In the second quarter of 2020, we reported our third consecutive quarterly adjusted profit, recording consolidated adjusted net income of </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">$39.7 million</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">, or </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">$0.39</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;per share, and increasing our total adjusted EBITDA by approximately $119 million, or 61 percent, from the same period of last year,&#8221; commented Kenneth Hvid, Teekay&#8217;s President and Chief Executive Officer. &#8220;While COVID-19 continues to have an unprecedented impact on the world and is a major focus for us, Teekay&#8217;s fleet has experienced minimal operational impact. As a result of the pandemic, the overall maritime industry has experienced significant challenges related to crew changes, but I am pleased to report that we have safely changed-out a number of crew members on effectively all our vessels. We continue to work hard with both the industry and inter-governmental organizations to tackle this challenge and bring our remaining overdue colleagues home safely as soon as possible. I am truly proud of how our seafarers and onshore colleagues have responded to ensure safe and successful transitions with no reported COVID-19 cases, while providing uninterrupted service to our customers.&#8221;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#8220;Our strong second quarter results can be attributed to solid earnings in each of our businesses. Teekay LNG reported another quarterly record-high in adjusted net income and total adjusted EBITDA; Teekay Tankers experienced another quarter of strong spot tanker rates; and our directly-owned FPSO unit operating results improved as a result of the new bareboat charter contract on the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Foinaven</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;FPSO unit, which eliminated our exposure to the previous loss-making contract,&#8221; commented Mr. Hvid. &#8220;Looking ahead to next quarter, we expect Teekay LNG will continue earning stable cash flows as a result of its LNG fleet being 100 percent fixed through the rest of 2020. At Teekay Tankers, the spot tanker market has come under pressure since mid-May 2020 following three quarters of very strong spot tanker rates. The near-term outlook for the tanker business is uncertain at this point, but we are pleased to have significantly reduced our effective free cash flow breakevens and near-term spot exposure by locking-in 23 percent of the tanker fleet on fixed-rate contracts at attractive rates, and we are encouraged by the fleet supply fundamentals which are favorable relative to prior market cycles. In addition, the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Banff</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;FPSO unit ceased production on its field in June 2020 and we have commenced the various decommissioning and subsea remediation procedures on the field.  The FPSO unit is expected to leave the Banff field during the third quarter of 2020 and prepare for recycling by the end of the year with the remaining subsea remediation work expected to be carried out in the summer of 2021.&#8221;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#8220;We continue to execute on our delevering path and further simplifying our structure,&#8221; commented Mr. Hvid. &#8220;During the quarter, we reduced our consolidated net debt by over $267 million as a result of strong cash flows, proceeds from asset sales and cash received from the new </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Foinaven</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;FPSO unit contract. Over the past year, we have reduced our consolidated net debt by approximately $887 million, or 20 percent. In addition, with the recent refinancing of four of Teekay Tankers&#8217; Suezmax tankers, we have eliminated all of our remaining guarantees of Teekay Tankers&#8217; debt. As announced in May, we also eliminated the incentive distribution rights we held in Teekay LNG in exchange for 10.75 million newly-issued Teekay LNG common units.&#8221;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">Mr. Hvid added, &#8220;With our balance sheets continuing to strengthen, extensive contracted revenues at Teekay LNG and higher contracted revenue at Teekay Tankers, and no committed growth capital expenditures or significant near-term debt maturities, we have made significant progress in both insulating our companies from near-term market volatility and positioning the Teekay Group to create long-term shareholder value and remain a leader in shaping the future of marine energy transportation.&#8221;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">4</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sFE5BDC1FC328514B9EC5466127E560E3"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Summary of Results </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2c2c2c;font-weight:bold;">Teekay Corporation Consolidated</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">The Company's consolidated results during the quarter ended June 30, 2020 improved compared to the same period of the prior year, primarily due to: higher average spot tanker rates earned by Teekay Tankers in the second quarter of 2020; higher earnings in Teekay LNG due to earnings from six liquefied natural gas (</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">LNG</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">) carrier newbuildings which delivered into its consolidated fleet and equity-accounted joint ventures last year, and higher earnings by certain of Teekay LNG's joint ventures as their individual projects commenced or certain of their vessels commenced charters at, or earned, higher rates; improved results from the commencement of the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Foinaven</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;FPSO unit's new bareboat charter in late-March 2020; and fewer dry docking and off-hire days in the second quarter of 2020. These improvements were partially offset by Teekay Tankers' sale of four Suezmax tankers during December 2019 and the first quarter of 2020, as well as the sale of the non-US portion of the ship-to-ship support services business and its LNG terminal management business in the second quarter of 2020; a reduction in Teekay LNG's earnings following the sale of two LNG carriers in early-2020; and a reduction in the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Banff</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;FPSO unit's earnings due to the decommissioning of the Banff oil field, which commenced on June 1, 2020, and lower oil price tariffs earned due to lower oil prices in the second quarter of 2020.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">In addition, consolidated GAAP net income was positively impacted in the three months ended June 30, 2020, compared to the same quarter of the prior year, by various items, including a reduction</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;in freight tax accruals in the second quarter of 2020, </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">losses of $10.7 million and $7.8 million recognized in the second quarter of 2019 relating to the repurchase of Teekay's 8.5% senior notes due 2020 (the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">2020 Notes</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">) and the sale of Teekay Parent's remaining investment in Altera Infrastructure L.P. (or </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Altera</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">), respectively, as well as </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">a </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$3.1 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;gain recognized on Teekay Tankers' sale of the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">non-US portion of the ship-to-ship support services business and its LNG terminal management business in the second quarter of 2020. These items were partially offset by a $</font><font style="font-family:Arial;font-size:10pt;">13.6 million</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;provision in the second quarter of 2020 relating to an adjustment in the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Banff</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;FPSO unit's estimated asset retirement obligation and the write-down of the unit's remaining residual value. The </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Banff </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">FPSO unit's estimated asset retirement obligation relating to the remediation of the subsea infrastructure, net of a customer receivable of $8.1 million, was $43.9 million as of June 30, 2020 (excluding remaining operating expenses and recycling costs relating to the FPSO unit).</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2c2c2c;font-weight:bold;">Teekay Parent</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">Total Teekay Parent Free Cash Flow</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;was negative </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">$1.9 million</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;during the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">second</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;quarter of </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">2020</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">, compared to negative </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">$6.4 million</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;for the same period of the prior year, primarily due to: the elimination of the operating losses on the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Foinaven </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">FPSO unit as a result of the commencement of the new bareboat contract at the end of the first quarter of 2020; higher distributions received from Teekay LNG as a result of Teekay LNG's 32 percent increase in its quarterly cash distributions in May 2020 and the newly-issued Teekay LNG common units Teekay Parent received as consideration for the Teekay LNG incentive distribution rights (</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">IDR</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">) transaction completed in May 2020; and lower net interest expense</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;as a result of the repurchase of unsecured bonds over the past year and the bond refinancing completed in May 2019. These increases are partially offset by: higher general and administrative costs incurred in the second quarter of 2020 mainly due to a change in timing of the annual equity-based compensation grants in 2020 and professional fees associated with the IDR transaction; and lower contribution from the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Banff </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">FPSO unit due to the decommissioning of the Banff oil field, which commenced on June 1, 2020, and lower oil price tariffs earned due to lower oil prices in the second quarter of 2020.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">Please refer to </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Appendix D</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;of this release for additional information about Teekay Parent's Free Cash Flow</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-top:24px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(1) </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">This is a non-GAAP financial measure.  Please refer to &#8220;Definitions and Non-GAAP Financial Measures&#8221; and the Appendices to this release for a definition of this term and a reconciliation of this non-GAAP financial measure as used in this release to the most directly comparable financial measures under GAAP.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">5</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:13px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2c2c2c;font-weight:bold;">Summary Results of Daughter Entities</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:13px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;text-decoration:underline;">Teekay LNG</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">Teekay LNG&#8217;s net income and adjusted net income</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;and total adjusted EBITDA</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;&#32;for the three months ended June 30, 2020, compared to the same quarter of the prior year, were positively impacted by: earnings from six LNG carrier newbuildings which delivered into Teekay LNG's consolidated fleet and equity-accounted joint ventures last year; fewer dry docking and repair off-hire days; and higher earnings by certain of Teekay LNG's joint ventures as their individual projects commenced or certain of their vessels commenced charters at, or earned, higher rates. These increases were partially offset by a reduction in earnings as a result of the sales of two LNG carriers in January 2020, and an oil tanker in October 2019.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">Please refer to Teekay LNG's second quarter 2020 earnings release for additional information on the financial results for this entity.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;text-decoration:underline;">Teekay Tankers</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">Teekay Tankers' net income, adjusted net income</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">, and total adjusted EBITDA</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;for the three months ended June 30, 2020 significantly increased compared to the same period of the prior year, primarily due to higher average spot tanker rates and fewer off-hire days in the second quarter of 2020. These increases were partially offset by </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">the sale of four Suezmax tankers during December 2019 and the first quarter of 2020, as well as the sale of the non-US portion of the ship-to-ship support services business and the LNG terminal management business in the second quarter of 2020.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">In addition, GAAP net income was positively impacted in the three months ended June 30, 2020, compared to GAAP net loss for the same quarter of the prior year, as a result of a $15.2 million </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">reduction in freight tax accruals and a </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$3.1 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;gain on sale of assets.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">S</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">pot tankers rates have come under pressure since mid-May 2020 as a result of the unwinding of floating storage and record OPEC+ production cuts, in addition to lower non-OPEC production, which reduced crude exports.</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;Teekay Tankers has so far secured spot tanker rates for its Suezmax and Aframax-sized vessels of $24,800 per day and $15,200 per day, based on 57 percent and 47 percent of the available spot revenue days fixed to-date in the third quarter of 2020, respectively, compared to $46,500 per day and $29,600 per day in the second quarter of 2020, respectively. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">Please refer to Teekay Tankers' second quarter 2020 earnings release for additional information on the financial results for this entity.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:13px;text-align:justify;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-top:13px;text-align:justify;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-top:24px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(1) </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">This is a non-GAAP financial measure.  Please refer to &#8220;Definitions and Non-GAAP Financial Measures&#8221; and the Appendices to this release for a definition of this term and a reconciliation of this non-GAAP financial measure as used in this release to the most directly comparable financial measures under GAAP.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">6</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s0417CB5EC0A452C3AE92160B7DBC405E"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Summary of Recent Events</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2c2c2c;font-weight:bold;">Teekay Parent</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">In July 2020, Teekay Parent secured commitments for a two-year equity margin revolver of up to $150 million to refinance its existing facility, which is currently undrawn and scheduled to mature in December 2020. The new revolver, which has substantially similar terms to the existing facility, is expected to be closed in August 2020 and remains subject to final documentation.</font></div><div style="line-height:120%;padding-top:13px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2c2c2c;font-weight:bold;">Teekay LNG</font></div><div style="line-height:120%;text-align:justify;font-size:6pt;"><font style="font-family:Arial;font-size:6pt;"><br></font></div><div style="line-height:120%;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">In July 2020, Teekay LNG entered into a new commercial management agreement with the current manager of its seven wholly-owned multi-gas vessels. The new agreement has a two-year term commencing in September 2020 and is in direct continuation of the expiry of the current commercial management agreement.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">In May 2020, Teekay Parent and Teekay LNG eliminated all of Teekay LNG's IDRs held by Teekay LNG's general partner (the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">General Partner</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">) in exchange for 10.75 million newly-issued Teekay LNG common units. Following the completion of this transaction on May 11, 2020, Teekay Parent now beneficially owns approximately 36 million of Teekay LNG's common units and remains the sole owner of the General Partner, which together represents an economic interest of approximately 42 percent in Teekay LNG.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">In May 2020, on maturity, Teekay LNG repaid its 1 billion Norwegian Krone (</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">NOK</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">) -denominated bonds and the associated cross currency swap arrangement. This repayment amounted to $111 million, net of $23 million of cash collateral released on the associated cross currency swap.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">In May 2020, Teekay LNG's 52 percent-owned joint venture with Marubeni Corporation (the</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">&#32;MALT Joint Venture</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">) chartered the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Marib Spirit</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;LNG carrier to an international trading company for a period of six months, which commenced in mid-June 2020.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">In April 2020, the MALT Joint Venture secured new charters for the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Arwa Spirit</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;and the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Methane Spirit </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">LNG carriers for periods of twelve and eight months, respectively. The new charters commenced upon completion and in direct continuation of their existing charters in May and July 2020, respectively.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2c2c2c;font-weight:bold;">Teekay Tankers</font><font style="font-family:Arial;font-size:6pt;color:#2c2c2c;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In August 2020, Teekay Tankers secured a new three-year, $67 million term loan to refinance four Suezmax tankers. The proceeds from the new debt facility along with existing cash are expected to be used to repay approximately $85 million outstanding on Teekay Tankers' existing debt facility with respect to these vessels that was scheduled to mature in 2021. The new facility is priced at LIBOR plus 225 basis points and matures in 2023.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In late-April 2020, Teekay Tankers closed the previously announced sale of a portion of its oil and gas ship-to-ship transfer support business, which also provides gas terminal management and consulting services, for approximately $27.1 million, of which approximately $14.3 million was received in May 2020 with the remaining cash received in July 2020. During the second quarter of 2020, Teekay Tankers recognized a gain of $3.1 million from this transaction. Teekay Tankers retained its entire Full Service Lightering business that operates in the U.S. Gulf, which provides ship-to-ship oil transfers for both U.S. crude imports and exports. In addition, Teekay Tankers will continue to operate oil ship-to-ship transfer support services in North America and the Caribbean, a business that has synergies with its core Full Service Lightering business.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">7</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s484E0F2E76715AC89C6A501A94FB3907"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:10px;padding-top:13px;text-align:justify;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Liquidity</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">As at </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">June&#160;30, 2020</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, Teekay Parent had total liquidity of approximately </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$165.5 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;(consisting of </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$66.9 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;of cash and cash equivalents and </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$98.6 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;of undrawn capacity from a revolving credit facility), up from Teekay Parent liquidity of $87.1 million as at March 31, 2020. </font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">On a consolidated basis, Teekay had consolidated total liquidity of approximately </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$939.4 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;(consisting of </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$461.2 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;of cash and cash equivalents and </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$478.2 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;of undrawn capacity from its revolving credit facilities), up from total consolidated liquidity of $827.9 million as at March 31, 2020. </font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Conference Call</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">The Company plans to host a conference call on Thursday, </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">August&#160;13, 2020</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;at 11:00 a.m. (ET) to discuss its results for the second quarter of 2020. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options: </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#8226;   By dialing (800) 367-2403 or (647) 490-5367, if outside North America, and quoting conference ID code 2738323.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:18px;text-indent:-18px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#8226;   By accessing the webcast, which will be available on Teekay&#8217;s website at www.teekay.com (the archive will remain on the website for a period of one year).</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">An accompanying Second Quarter 2020 Earnings Presentation will also be available at www.teekay.com in advance of the conference call start time.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:6pt;"><font style="font-family:Arial;font-size:6pt;color:#2e3337;">&#160;</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">About Teekay</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">Teekay is a leading provider of international crude oil and gas marine transportation services and also provides offshore production. Teekay provides these services primarily through its directly-owned fleet and its controlling ownership interests in Teekay LNG Partners L.P. (NYSE:TGP), one of the world&#8217;s largest independent owners and operators of LNG carriers, and Teekay Tankers Ltd. (NYSE:TNK), one of the world&#8217;s largest owners and operators of mid-sized crude tankers. The consolidated Teekay entities manage and operate total assets under management of approximately $10 billion, comprised of approximately 140 liquefied gas, offshore, and conventional tanker assets. With offices in 10 countries and approximately 5,500 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world&#8217;s leading oil and gas companies.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">Teekay&#8217;s common stock is listed on the New York Stock Exchange where it trades under the symbol &#8220;TK&#8221;. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-weight:bold;">For Investor Relations enquiries contact:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Ryan Hamilton</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Tel:  +1 (604) 609-2963</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Website:</font><font style="font-family:Arial;font-size:10pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:10pt;color:#40b4e5;text-decoration:underline;">www.teekay.com</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">8</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Definitions and Non-GAAP Financial Measures</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">This release includes various financial measures that are non-GAAP financial measures as defined under the rules of the Securities and Exchange Commission (</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">SEC</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">). These non-GAAP financial measures, which include Adjusted Net Income (Loss) Attributable to Shareholders of Teekay, Teekay Parent Free Cash Flow, Total Adjusted Revenues, Net Interest Expense, Adjusted Equity Income and Adjusted EBITDA, are intended to provide additional information and should not be considered substitutes for measures of performance prepared in accordance with GAAP. In addition, these measures do not have standardized meanings across companies, and therefore may not be comparable to similar measures presented by other companies. The Company believes that certain investors use this information to evaluate the Company&#8217;s financial performance, as does management.</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2e3337;font-weight:bold;">Non-GAAP Financial Measures</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">Total Adjusted EBITDA represents net income (loss) before interest, taxes, depreciation and amortization, foreign exchange gain (loss), items included in other (loss) income, write-down and gain (loss) on sale, gain on commencement of sales-type lease, equipment and other operating assets, adjustments for direct financing and sales-type leases to a cash basis, amortization of in-process revenue contracts, unrealized (losses) gains on derivative instruments, realized losses on interest rate swaps, realized losses on interest rate swap amendments and terminations, unrealized credit loss adjustments, write-downs related to equity-accounted investments, and our share of the above items in non-consolidated joint ventures which are accounted for using the equity method of accounting. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Consolidated Adjusted EBITDA</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;represents Adjusted EBITDA from vessels that are consolidated on the Company's financial statements. </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">&#32;Adjusted EBITDA from Equity-Accounted Vessels</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;represents the Company's proportionate share of Adjusted EBITDA from its equity-accounted vessels. The Company does not have the unilateral ability to determine whether the cash generated by its equity-accounted vessels is retained within the entity in which the Company holds the equity-accounted investments or distributed to the Company and other owners. In addition, the Company does not control the timing of any such distributions to the Company and other owners. </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Total Adjusted EBITDA </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">represents Consolidated Adjusted EBITDA plus </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Adjusted EBITDA from Equity-Accounted Joint Ventures</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">. Adjusted EBITDA is a non-GAAP financial measure used by certain investors and management to measure the operational performance of companies. Please refer to </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Appendices C </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">and </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">E</font><font style="font-family:Times New Roman;font-size:10pt;color:#2c2c2c;font-style:italic;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">of this release for reconciliations of Adjusted EBITDA to net income (loss) and equity (loss) income, respectively, which are the most directly comparable GAAP measures reflected in the Company&#8217;s consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Total Adjusted Revenues </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">represents the Company's revenues from its consolidated vessels, as shown in the Company's Consolidated Statements of Income (Loss), and its proportionate ownership percentage of the revenues from its equity-accounted joint ventures, as shown in Appendix E of this release, and commencing in 2020, less the Company's proportionate share of revenues earned directly from its equity-accounted joint ventures. Please refer to </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Appendix E</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;of this release for a reconciliation of this non-GAAP financial measure to revenues and equity income, the most directly comparable GAAP measure reflected in the Company's consolidated financial statements.  The Company does not have the unilateral ability to determine whether the cash generated by its equity-accounted vessels is retained within the entity in which the Company holds the equity-accounted investments or distributed to the Company and other owners. In addition, the Company does not control the timing of any such distributions to the Company and other owners. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Adjusted Net Income (Loss) Attributable to Shareholders of Teekay </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">excludes items of income or loss from GAAP net income (loss) that are typically excluded by securities analysts in their published estimates of the Company&#8217;s financial results. The Company believes that certain investors use this information to evaluate the Company&#8217;s financial performance, as does management. Please refer to </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Appendix A</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;of this release for a reconciliation of this non-GAAP financial measure to net income (loss), and refer to footnote (6) of the statements of income (loss) for a reconciliation of adjusted equity income to equity income (loss), the most directly comparable GAAP measure reflected in the Company&#8217;s consolidated financial statements.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">9</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2e3337;font-weight:bold;">Teekay Parent Financial Measures</font></div><div style="line-height:120%;padding-bottom:4px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Teekay Parent Adjusted EBITDA </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">represents the sum of (a) distributions or dividends (including payments-in-kind) relating to a given quarter (but received by Teekay Parent in the following quarter) as a result of ownership interests in its consolidated publicly-traded subsidiaries (Teekay LNG and Teekay Tankers) and its equity-accounted investment in Altera prior to it being sold in May 2019, net of Teekay Parent&#8217;s corporate general and administrative expenditures for the given quarter and (b) Adjusted EBITDA attributed to Teekay Parent&#8217;s directly-owned and chartered-in assets. </font></div><div style="line-height:120%;padding-bottom:4px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Teekay Parent Free Cash Flow</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;represents </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Teekay Parent Adjusted EBITDA</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, plus upfront cash receivable in respect of a sales-type lease, less Teekay Parent&#8217;s net interest expense and, commencing in the second quarter of 2020, asset retirement costs incurred for the given quarter. </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Net Interest Expense</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;includes interest expense (excluding the amortization of prepaid loan costs), interest income and realized losses on interest rate swaps. Please refer to </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Appendices B</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">C, D</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">E </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">of this release for further details and reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures reflected in the Company&#8217;s consolidated financial statements. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">10</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sD5DF7E710A055EFD8E8226486FD5FC9C"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Summary Consolidated Statements of Income (Loss) </font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(in thousands of U.S. dollars, except share and per share data)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:686px;border-collapse:collapse;text-align:left;"><tr><td colspan="16"></td></tr><tr><td style="width:290px;"></td><td style="width:1px;"></td><td style="width:73px;"></td><td style="width:3px;"></td><td style="width:1px;"></td><td style="width:73px;"></td><td style="width:3px;"></td><td style="width:1px;"></td><td style="width:73px;"></td><td style="width:3px;"></td><td style="width:1px;"></td><td style="width:73px;"></td><td style="width:3px;"></td><td style="width:1px;"></td><td style="width:73px;"></td><td style="width:3px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="9" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td><td colspan="6" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">Six Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">March 31,</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2019 </font><font style="font-family:Arial;font-size:8pt;color:#ffffff;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Revenues </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">482,805</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">574,054</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">462,397</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">1,056,859</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">949,270</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Voyage expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(66,896</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(121,564</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(103,410</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(188,460</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(212,193</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Vessel operating expenses </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(147,796</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(153,293</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(162,621</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(301,089</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(319,613</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Time-charter hire expense </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(17,714</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(27,056</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(28,817</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(44,770</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(58,655</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Depreciation and amortization </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(62,936</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(72,917</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(73,849</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(135,853</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(145,956</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">General and administrative expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(23,668</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(18,277</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(20,868</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(41,945</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(43,840</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Write-down and gain (loss) on sale of assets </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(2)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(10,669</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(94,606</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(105,275</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(3,328</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Gain on commencement of sales-type lease </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(3)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">44,943</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">44,943</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Restructuring charges</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">&#160;(4)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(4,622</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(2,388</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(1,369</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(7,010</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(9,990</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">Income from vessel operations</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">148,504</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">128,896</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">71,463</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">277,400</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">155,695</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:12px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Interest expense</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(59,245</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(62,520</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(70,205</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(121,765</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(143,876</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Interest income</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">2,314</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">2,803</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">2,233</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">5,117</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">4,922</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Realized and unrealized loss on non-</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#160;&#160;&#160;designated derivative instruments </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(5)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(9,270</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(21,663</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(10,964</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(30,933</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(16,387</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Equity income (loss) </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(6)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">35,343</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">2,313</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(6,284</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">37,656</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(67,937</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Income tax recovery (expense) </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(7)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">17,175</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(3,792</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(3,404</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">13,383</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(8,440</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Foreign exchange (loss) gain</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(8,922</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">6,646</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(5,851</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(2,276</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(8,481</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Other loss &#8211; net (8)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(399</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(681</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(11,099</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(1,080</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(11,071</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">Net income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">125,500</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">52,002</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">(34,111</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">177,502</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">(95,575</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Net income attributable to</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#160;&#160;&#160;non-controlling interests</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(103,777</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(101,807</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(5,374</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(205,584</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(28,167</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">Net income (loss) attributable to the shareholders</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">&#160;&#160;&#160;of Teekay Corporation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">21,723</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">(49,805</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">(39,485</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">(28,082</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">(123,742</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Earnings (loss) per common share of Teekay Corporation</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#160;&#160;&#160;&#160;&#160;-     Basic</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#f4faff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">$</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">0.21</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#f4faff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">$</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(0.49</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#f4faff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">$</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(0.39</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#f4faff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">$</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(0.28</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#f4faff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">$</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(1.23</font></div></td><td style="vertical-align:bottom;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#160;&#160;&#160;&#160;&#160;-     Diluted</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#f4faff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#f4faff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">0.21</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#f4faff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#f4faff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(0.49</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#f4faff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#f4faff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(0.39</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#f4faff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#f4faff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(0.28</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#f4faff;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#f4faff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(1.23</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#f4faff;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Weighted-average number of common shares outstanding  </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#160;&#160;&#160;&#160;&#160;-     Basic </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">101,107,362</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">100,887,551</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">100,783,496</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">100,997,456</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#f4faff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">100,652,685</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#160;&#160;&#160;&#160;&#160;-     Diluted</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">101,196,383</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">100,887,551</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">100,783,496</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">100,997,456</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">100,652,685</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Comparative balances relating to the three and six months ended June 30, 2019 have been recast to reflect results consistent with the presentation in the Company&#8217;s 2019 Annual Report on Form 20-F and Form 6-K for the three and six months ended June 30, 2020.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Write-down and gain (loss) on sale of assets for the three months ended June 30, 2020 includes a $</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">13.6 million</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#32;provision in the second quarter of 2020 relating to an adjustment in the </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">Banff</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#32;FPSO unit's estimated asset retirement obligation and the write-down of the unit's remaining residual value, partially offset by a gain of </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">$3.1 million</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#32;on the sale of the non-US portion of Teekay Tankers' ship-to-ship support services business and its LNG terminal management business. Write-down and gain (loss) on sale for the three months ended March 31, 2020 includes write-downs of six multi-gas carriers totaling $45.0 million and write-downs of two FPSO units totaling $46.5 million. </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Gain on commencement of sales-type lease for the three months ended March 31, 2020 of $44.9 million relates to the commencement of the sales-type lease for the </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">Foinaven</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#32;FPSO unit as a result of a new bareboat charter agreement. </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">11</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(4)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Restructuring charges for the three months ended June 30, 2020 include severance costs resulting from the expected termination of the contract for an FSO unit based in Australia, which are fully recoverable from the customer. Restructuring charges also include severance costs resulting from the reorganization and realignment of resources of the Company's shared services functions, of which a portion of the costs are recoverable from the customer, Altera. Recoverable severance costs totalling $4.5 million are presented in revenue for the three months ended June 30, 2020.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(5)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Realized and unrealized losses related to derivative instruments that are not designated in qualifying hedging relationships for accounting purposes are included as a separate line item in the consolidated statements of income (loss). The realized losses relate to the amounts the Company actually paid to settle such derivative instruments and the unrealized (losses) gains relate to the change in fair value of such derivative instruments, as detailed in the table below:</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:24px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:659px;border-collapse:collapse;text-align:left;"><tr><td colspan="12"></td></tr><tr><td style="width:10px;"></td><td style="width:268px;"></td><td style="width:72px;"></td><td style="width:4px;"></td><td style="width:72px;"></td><td style="width:4px;"></td><td style="width:72px;"></td><td style="width:4px;"></td><td style="width:72px;"></td><td style="width:4px;"></td><td style="width:72px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="6" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td><td colspan="4" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">Six Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">March 31,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Realized losses relating to</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Interest rate swap agreements</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(3,879</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(2,677</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(1,785</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(6,556</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(3,473</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Stock purchase warrants </font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(i)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(25,559</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(25,559</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Foreign currency forward contracts</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(241</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(241</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Forward freight agreements</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(201</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(49</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(29</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(250</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(42</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(4,080</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(2,967</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(27,373</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(7,047</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(29,074</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Unrealized (losses) gains relating to</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Interest rate swap agreements</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(5,251</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(18,812</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(8,195</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(24,063</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(14,216</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Foreign currency forward contracts</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">53</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">202</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(101</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">255</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(101</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Stock purchase warrants</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">24,584</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">26,900</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Forward freight agreements</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(86</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">121</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(78</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">104</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(5,190</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(18,696</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">16,409</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(23,886</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">12,687</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Total realized and unrealized losses on derivative instruments</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(9,270</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(21,663</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(10,964</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(30,933</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(16,387</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:24px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Stock purchase warrants for the three and six months ended June 30, 2019 relates to the sale of the Company's remaining interest in Altera in May 2019. Also refer to footnote (6)(i) below.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(6)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">The Company&#8217;s proportionate share of items within equity income (loss) as identified in Appendix A of this release is detailed in the table below. By excluding these items from equity income (loss) as reflected in the consolidated statements of income (loss), the Company believes the resulting adjusted equity income is a normalized amount that can be used to evaluate the financial performance of the Company&#8217;s equity-accounted investments. Adjusted equity income is a non-GAAP financial measure.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:24px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:654px;border-collapse:collapse;text-align:left;"><tr><td colspan="12"></td></tr><tr><td style="width:10px;"></td><td style="width:262px;"></td><td style="width:72px;"></td><td style="width:4px;"></td><td style="width:72px;"></td><td style="width:4px;"></td><td style="width:72px;"></td><td style="width:4px;"></td><td style="width:72px;"></td><td style="width:4px;"></td><td style="width:72px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:20px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="6" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td><td colspan="4" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">Six Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">March 31,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Equity income (loss)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">35,343</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,313</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(6,284</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">37,656</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(67,937</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Proportionate share of unrealized losses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">on derivative instruments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">3,806</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">22,204</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">5,203</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">26,010</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">13,968</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Loss on sale of investment in Altera </font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(i)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">7,853</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">72,753</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Other</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;(ii)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(61</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">8,441</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,023</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">8,380</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">1,023</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Equity income adjusted for items in Appendix A </font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">39,088</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">32,958</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">7,795</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">72,046</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">19,807</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:24px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">During the three and six months ended June 30, 2019, the Company recognized a loss of $7.9 million on sale of its investment in Altera to affiliates of Brookfield Business Partners L.P. (or </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">Brookfie</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">ld), which occurred in May 2019. Also refer to footnote (5)(i) above in respect of gains and losses on stock purchase warrants.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:24px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Other for the three months ended June 30, 2020 and March 31, 2020 includes credit loss provision adjustments to the Company's financial  instruments upon adoption of ASU 2016-13, </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">ASU 2016-13</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">)</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:4px;text-align:justify;padding-left:48px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">12</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(7)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Income tax recovery (expense) for the three and six months ended June 30, 2020 includes a reduction in freight tax accruals of $</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">16.8 million</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#32;related to periods prior to 2020. </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(8)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Other loss &#8211; net for the three and six months ended June 30, 2019 includes a $10.7 million loss relating to the repurchase of the Company's 2020 Notes. </font></div></td></tr></table><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">13</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s09DDDA97ACC2538C8F26E95D11AEDADE"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Summary Consolidated Balance Sheets</font></div><div style="line-height:120%;text-align:left;padding-left:0px;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(in thousands of U.S. dollars)</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:22px;"></td><td style="width:320px;"></td><td style="width:109px;"></td><td style="width:4px;"></td><td style="width:109px;"></td><td style="width:4px;"></td><td style="width:109px;"></td><td style="width:4px;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">As at June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">As at March 31,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">As at June 30,</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2019</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">ASSETS</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Cash and cash equivalents - Teekay Parent</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">66,917</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">48,366</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">74,890</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Cash and cash equivalents - Teekay LNG</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">226,328</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">312,710</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">124,880</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Cash and cash equivalents - Teekay Tankers</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">167,907</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">203,325</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">35,429</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Assets held for sale</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">50,818</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">12,300</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Accounts receivable and other current assets </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">318,726</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">359,705</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">424,735</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Restricted cash - Teekay Parent</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">3,915</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">3,569</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,023</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Restricted cash - Teekay LNG</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">66,147</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">113,528</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">80,308</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Restricted cash - Teekay Tankers</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">8,203</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">6,755</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">5,353</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Vessels and equipment - Teekay Parent</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">13,964</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">18,791</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">284,840</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Vessels and equipment - Teekay LNG</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,931,602</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,959,067</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">3,320,937</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Vessels and equipment - Teekay Tankers</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,672,976</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,676,213</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,856,766</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Operating lease right-of-use assets </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">81,255</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">91,624</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">185,716</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Net investment in direct financing </font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">and sales-type leases</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">554,986</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">625,541</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">564,685</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Investments in and loans to equity-accounted investments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,102,386</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,083,741</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,011,530</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Other non-current assets</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">130,200</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">130,051</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">141,626</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Total Assets</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">7,345,512</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">7,683,804</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">8,126,018</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">LIABILITIES AND EQUITY</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#cfebf5;padding-left:44px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Accounts payable and other current liabilities</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">441,857</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">427,640</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">397,111</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Liabilities associated with assets held for sale</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,535</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Short-term debt - Teekay Tankers</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">10,000</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">55,000</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">15,000</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Current portion of long-term debt - Teekay Parent</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">60,000</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">36,663</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Current portion of long-term debt - Teekay LNG</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">366,237</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">398,839</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">468,038</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Current portion of long-term debt - Teekay Tankers</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">53,830</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">55,685</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">125,661</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Long-term debt - Teekay Parent</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">354,065</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">351,594</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">345,768</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Long-term debt - Teekay LNG</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,568,258</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,679,835</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,799,426</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Long-term debt - Teekay Tankers</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">661,627</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">829,671</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">894,501</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Operating lease liabilities </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">72,982</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">83,456</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">173,476</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Other long-term liabilities </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">229,415</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">252,885</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">197,749</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Equity:</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Non-controlling interests</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,058,273</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,085,617</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,005,399</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Shareholders of Teekay</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">528,968</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">401,047</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">667,226</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Total Liabilities and Equity</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">7,345,512</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">7,683,804</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">8,126,018</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:2px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:2px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Net debt - Teekay Parent </font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">283,233</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">359,659</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">305,518</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Net debt - Teekay LNG </font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,642,020</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,652,436</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">3,062,276</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Net debt - Teekay Tankers </font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">549,347</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">730,276</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">994,380</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:5px;text-align:justify;padding-left:24px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-top:5px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Net debt is a non-GAAP financial measure and represents short-term debt, current portion of long-term debt and long-term debt, less cash and cash equivalents, and, if applicable, restricted cash. </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">14</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s10797742231D5471AE981133789F1885"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Summary Consolidated Statements of Cash Flows</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(in thousands of U.S. dollars)</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:473px;"></td><td style="width:101px;"></td><td style="width:4px;"></td><td style="width:101px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Six Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Cash, cash equivalents and restricted cash provided by (used for)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">OPERATING ACTIVITIES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Net income (loss)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">177,502</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(95,575</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Non-cash and non-operating items: </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;&#160;&#160;Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">135,853</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">145,956</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Unrealized loss on derivative instruments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">27,544</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">14,933</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;&#160;&#160;Write-down and (gain) loss on sale</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">105,275</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">3,328</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;&#160;&#160;Gain on commencement of sales-type lease</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(44,943</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;&#160;&#160;Equity (income) loss, net of dividends received</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(22,804</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">85,211</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;&#160;&#160;Foreign currency exchange (gain) loss and other</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(7,250</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">34,744</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Direct financing lease payments received</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">334,146</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">6,050</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Change in operating assets and liabilities </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">75,978</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">18,427</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Expenditures for dry docking</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(5,608</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(34,150</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Net operating cash flow</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">775,693</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">178,924</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">FINANCING ACTIVITIES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Proceeds from issuance of long-term debt, net of issuance costs</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">931,871</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">376,658</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Prepayments of long-term debt</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(1,302,389</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(759,401</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Scheduled repayments of long-term debt</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(240,355</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(117,110</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Proceeds from short-term debt</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">205,000</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">65,000</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Prepayment of short-term debt</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(245,000</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(50,000</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Proceeds from financing related to sales-leaseback of vessels</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">222,400</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Repayments of obligations related to finance leases</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(47,162</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(45,928</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Repurchase of Teekay LNG common units</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(15,635</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(12,056</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Distributions paid from subsidiaries to non-controlling interests</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(35,519</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(30,465</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Cash dividends paid</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(5,523</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Other financing activities</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(794</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(580</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Net financing cash flow</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(749,983</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(357,005</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">INVESTING ACTIVITIES</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Expenditures for vessels and equipment</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(12,824</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(89,120</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Proceeds from sale of vessels and equipment</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">60,915</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Proceeds from sale of assets, net of cash sold</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">12,221</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">100,000</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Loan repayment by joint venture </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">3,500</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Proceeds from sale of equity-accounted investments and related assets</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Investment in equity-accounted investments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(15,555</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Other investing activities</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(6,430</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Net investing cash flow</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">57,382</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(4,675</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Increase (decrease) in cash, cash equivalents and restricted cash</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">83,092</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(182,756</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Cash, cash equivalents and restricted cash, beginning of the period</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">456,325</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">505,639</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Cash, cash equivalents and restricted cash, end of the period</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">539,417</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">322,883</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">15</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sA1FF908796C95D8AB151CEF45E17688E"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation</font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix A - Reconciliation of Non-GAAP Financial Measures</font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Adjusted Net Income (Loss)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(in thousands of U.S. dollars, except per share data)</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:693px;border-collapse:collapse;text-align:left;"><tr><td colspan="14"></td></tr><tr><td style="width:9px;"></td><td style="width:266px;"></td><td style="width:65px;"></td><td style="width:4px;"></td><td style="width:65px;"></td><td style="width:4px;"></td><td style="width:65px;"></td><td style="width:4px;"></td><td style="width:68px;"></td><td style="width:4px;"></td><td style="width:65px;"></td><td style="width:4px;"></td><td style="width:65px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="8" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Six Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">March 31,</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">$ Per </font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">$ Per </font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">$ Per </font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">$</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Share</font><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">$ </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Share</font><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">$</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Share</font><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;font-weight:bold;">Net income &#8211; GAAP basis</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">125,500</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">52,002</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">177,502</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Adjust for: Net income attributable to</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;&#160;&#160;&#160;non-controlling interests </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(103,777</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(101,807</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(205,584</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;font-weight:bold;">Net income (loss) attribu</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;font-weight:bold;">table to</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;font-weight:bold;">shareholders of Teekay </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">21,723</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">0.21</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(49,805</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(0.49</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(28,082</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(0.28</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;font-weight:bold;">Add (subtract) specific items affecting net loss</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Unrealized losses (gains) from</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;&#160;derivative instruments</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">8,995</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.09</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">40,900</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.41</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">49,895</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.49</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Foreign exchange losses (gains)</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(3)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">7,492</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.07</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(8,463</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(0.08</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(971</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(0.01</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Banff FPSO decommissioning costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">net of recoveries</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(4)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">5,854</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.06</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">5,854</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.06</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Write-down and (gain) loss on sale</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;of vessels and other assets</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(5)<br></sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">10,669</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.11</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">94,606</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.94</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">105,275</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1.04</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Gain on commencement of sales-type lease</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(6)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(44,943</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(0.45</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(44,943</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(0.44</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Restructuring charges, net of recoveries </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">112</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,188</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.01</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,300</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.01</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Other</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(7)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(17,598</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(0.17</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">8,230</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.08</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(9,368</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(0.09</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Non-controlling interests&#8217; share of items above</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(8)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,466</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.02</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(16,454</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(0.16</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(13,988</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(0.14</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Total adjustments </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">17,990</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.18</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">75,064</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.75</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">93,054</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.92</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Adjusted net income attributable to </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;font-weight:bold;">shareholders of Teekay </font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">39,713</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">0.39</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">25,259</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">0.25</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">64,972</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">0.64</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Basic per share amounts.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Reflects unrealized losses (gains) relating to the change in the mark-to-market value of derivative instruments that are not designated in qualifying hedging relationships for accounting purposes, including those losses (gains) included in the Company's proportionate share of equity income (loss) from joint ventures.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Foreign currency exchange losses (gains) primarily relate to the Company&#8217;s debt denominated in Euros and Norwegian Kroner (</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">NOK</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">) and unrealized losses on cross currency swaps used to economically hedge the principal and interest on NOK bonds.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(4)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">In the first quarter of 2020, CNR International (U.K.) Limited (or </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">CNR</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">) provided formal notice to the Company of its intention to decommission the Banff field and remove the</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">&#32;Banff</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#32;FPSO and the </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">Apollo Spirit</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#32;FSO from the field in June 2020. The oil production under the existing contract for the </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">Banff </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">FPSO unit ceased in June 2020, and the Company has commenced decommissioning activities during the second quarter of 2020. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(5)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Refer to footnote (2) of the Consolidated Statements of Income (Loss) for additional information.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(6)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Gain on commencement of sales-type lease for the three months ended March 31, 2020 relates to the commencement of the sales-type lease for the </font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">Foinaven</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">&#32;FPSO unit as a result of a new bareboat charter agreement. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(7)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Other for the three and six months ended June 30, 2020 includes a reduction in freight tax accruals and credit loss provision adjustments to the Company's financial instruments upon adoption of ASU 2016-13. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(8)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Items affecting net income include items from the Company&#8217;s consolidated non-wholly-owned subsidiaries. The specific items affecting net income are analyzed to determine whether any of the amounts originated from a consolidated non-wholly-owned subsidiary. Each amount that originates from a consolidated non-wholly-owned subsidiary is multiplied by the non-controlling interests&#8217; percentage share in this subsidiary to determine the non-controlling interests&#8217; share of the amount. The amount identified as &#8220;Non-controlling interests&#8217; share of items above&#8221; in the table above is the cumulative amount of the non-controlling interests&#8217; proportionate share of items listed in the table. </font></div></td></tr></table><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">16</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation</font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix A - Reconciliation of Non-GAAP Financial Measures</font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Adjusted Net Income (Loss)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(in thousands of U.S. dollars, except per share data)</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:700px;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:6px;"></td><td style="width:305px;"></td><td style="width:93px;"></td><td style="width:4px;"></td><td style="width:93px;"></td><td style="width:4px;"></td><td style="width:93px;"></td><td style="width:4px;"></td><td style="width:93px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Six Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2019</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">$ Per </font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">$ Per </font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">$</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Share</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">$</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Share</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;font-weight:bold;">Net loss &#8211; GAAP basis</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(34,111</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(95,575</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Adjust for: Net income attributable to</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;&#160;&#160;&#160;non-controlling interests </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(5,374</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(28,167</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;font-weight:bold;">Net loss attributable to</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;font-weight:bold;">shareholders of Teekay </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(39,485</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(0.39</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(123,742</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(1.23</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;font-weight:bold;">Add (subtract) specific items affecting net loss</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Unrealized (gains) losses from derivative instruments </font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(11,206</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(0.11</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,282</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.01</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Foreign exchange losses </font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(3)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">4,764</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.05</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">5,960</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.06</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Write-down and loss on sale of vessels and</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">other assets</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;(4)<br></sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">7,853</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.08</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">76,081</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.76</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Restructuring charges, net of recoveries </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,369</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.01</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">3,527</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.04</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Other </font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(5)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">37,329</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.37</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">39,327</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.39</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Non-controlling interests&#8217; share of items above </font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(6)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(13,992</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(0.14</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(28,758</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(0.29</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Total adjustments </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">26,117</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.26</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">97,419</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.97</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Adjusted net loss attributable to</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;font-weight:bold;">shareholders of Teekay </font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(13,368</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(0.13</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(26,323</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(0.26</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Basic per share amounts.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Reflects unrealized (gains) losses relating to the change in the mark-to-market value of derivative instruments that are not designated in qualifying hedging relationships for accounting purposes, including those (gains) losses included in the Company's proportionate share of equity income (loss) from joint ventures.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Foreign currency exchange losses primarily relate to the Company&#8217;s debt denominated in Euros and Norwegian Kroner (</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">NOK</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">) and unrealized losses on cross currency swaps used to economically hedge the principal and interest on NOK bonds.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(4)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Refer to footnote (2) of the Summary Consolidated Statements of Income (Loss) for additional information.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(5)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Other for the three and six months ended June 30, 2019 includes the realized loss on sale of stock purchase warrants in Altera and a loss on the repurchase of 2020 Notes. Other for the six months ended June 30, 2019 also includes the loan extinguishment costs related to Teekay LNG's refinancing of one of its debt facilities. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(6)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Items affecting net loss include items from the Company&#8217;s consolidated non-wholly-owned subsidiaries. The specific items affecting net loss are analyzed to determine whether any of the amounts originated from a consolidated non-wholly-owned subsidiary. Each amount that originates from a consolidated non-wholly-owned subsidiary is multiplied by the non-controlling interests&#8217; percentage share in this subsidiary to determine the non-controlling interests&#8217; share of the amount. The amount identified as &#8220;Non-controlling interests&#8217; share of items above&#8221; in the table above is the cumulative amount of the non-controlling interests&#8217; proportionate share of items listed in the table. </font></div></td></tr></table><div style="line-height:120%;padding-bottom:4px;text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">17</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sE369F052AC3055FE94EBEB4C0FA6916E"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation</font></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix B - Supplemental Financial Information</font></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Summary Statement of Income</font><font style="font-family:Arial;font-size:15pt;color:#ff0000;">&#32;</font><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">for the Three Months Ended </font><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">June&#160;30, 2020</font><font style="font-family:Arial;font-size:13pt;color:#40b4e5;">&#32;&#32;</font></div><div style="line-height:120%;padding-top:2px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(unaudited)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:685px;border-collapse:collapse;text-align:left;"><tr><td colspan="12"></td></tr><tr><td style="width:10px;"></td><td style="width:269px;"></td><td style="width:73px;"></td><td style="width:4px;"></td><td style="width:74px;"></td><td style="width:4px;"></td><td style="width:74px;"></td><td style="width:4px;"></td><td style="width:86px;"></td><td style="width:4px;"></td><td style="width:74px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Teekay</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Teekay </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Teekay</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Consolidation </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">LNG </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Tankers</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Parent</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Adjustments</font><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Revenues </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">148,205</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">246,492</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">88,108</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">482,805</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Voyage expenses </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(5,329</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(61,558</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(9</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(66,896</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Vessel operating expenses </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(28,407</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(46,218</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(73,171</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(147,796</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Time-charter hire expense </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(5,368</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(9,296</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(3,050</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(17,714</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Depreciation and amortization </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(31,629</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(29,546</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(1,761</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(62,936</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">General and administrative expenses</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(7,883</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(9,784</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(6,001</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(23,668</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Write-down and gain on sale</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,896</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(13,565</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(10,669</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Gain on commencement of sales-type lease</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Restructuring charges </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(4,622</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(4,622</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Income (loss) from vessel operations</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">69,589</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">92,986</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(14,071</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">148,504</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Interest expense </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(35,143</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(13,492</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(10,667</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">57</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(59,245</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Interest income </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,697</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">567</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">107</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(57</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,314</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Realized and unrealized loss on</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">non-designated derivative instruments   </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(8,516</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(589</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(165</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(9,270</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Equity income </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">32,155</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">3,188</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">35,343</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Equity in earnings of subsidiaries </font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">43,704</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(43,704</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Income tax recovery</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,804</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">14,598</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">773</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">17,175</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Foreign exchange (loss) gain</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(11,624</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(87</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,789</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(8,922</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Other (loss) income &#8211; net</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(679</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,027</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(747</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(399</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Net income</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">49,283</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">98,198</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">21,723</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(43,704</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">125,500</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Net income attributable to</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">non-controlling interests </font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(3)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(4,349</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(99,428</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(103,777</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Net income attributable to shareholders/</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">unitholders of publicly-listed entities</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">44,934</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">98,198</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">21,723</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(143,132</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">21,723</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Consolidation Adjustments column includes adjustments which eliminate transactions between Teekay LNG, Teekay Tankers and Teekay Parent.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Teekay Corporation&#8217;s proportionate share of the net earnings of its publicly-traded subsidiaries.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Net income attributable to non-controlling interests in the Teekay LNG column represents the joint venture partners&#8217; share of the net income of its respective consolidated joint ventures. Net income attributable to non-controlling interest in the Consolidation Adjustments column represents the public&#8217;s share of the net income of Teekay&#8217;s publicly-traded consolidated subsidiaries.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;padding-left:24px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">18</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sDD5FA2B079545FCA95F118E4C7A8AEC9"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix C - Supplemental Financial Information </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Parent Summary Operating Results </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">For the Three Months Ended </font><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">June&#160;30, 2020</font><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">&#32;</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(unaudited)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:685px;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:273px;"></td><td style="width:98px;"></td><td style="width:4px;"></td><td style="width:98px;"></td><td style="width:4px;"></td><td style="width:98px;"></td><td style="width:4px;"></td><td style="width:98px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Teekay </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Corporate</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Parent</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">FPSOs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Other</font><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">G&amp;A</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Total </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Revenues</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">28,787</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">59,321</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">88,108</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Voyage expenses </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(9</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(9</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Vessel operating expenses</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(24,404</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(48,767</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(73,171</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Time-charter hire expense</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(20</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(3,030</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(3,050</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Depreciation and amortization </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(1,761</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(1,761</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">General and administrative expenses</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(578</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(5,423</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(6,001</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Write-down of vessels </font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(13,565</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(13,565</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Restructuring charges</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">10</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(4,632</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(4,622</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(Loss) income from vessel operations</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(11,540</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,892</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(5,423</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(14,071</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Depreciation and amortization </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,761</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,761</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">Amortization of operating lease liability</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">and other</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(1,536</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">596</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(940</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Write-down of vessels </font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">13,565</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">13,565</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Daughter Entities distributions</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;(3)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">9,401</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">9,401</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Teekay Parent adjusted EBITDA</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">2,250</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">3,488</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">3,978</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">9,716</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:28px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Includes the results of one chartered-in FSO unit owned by Altera, which is largely on a flow-through basis with Teekay Parent earning a small margin.  </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:28px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Write-down of vessels for the three months ended June 30, 2020 relates to write-down of the remaining residual value of the </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">Banff</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;FPSO unit  and an adjustment to the unit's estimated asset retirement obligation. In the first quarter of 2020, CNR provided formal notice to Teekay of its intention to cease production in June 2020 and decommission the Banff field shortly thereafter. As such, the Company expects to remove the </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">Banff</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;FPSO and </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">Apollo Spirit</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;FSO from the Banff field in 2020 and the subsea equipment in 2021. The Company expects to recycle the FPSO unit and subsea equipment and redeliver the FSO unit to its owner following removal from the field. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:28px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">In addition to the adjusted EBITDA generated by its directly owned and chartered-in assets, Teekay Parent also receives cash distributions from its consolidated publicly-traded subsidiary, Teekay LNG. For the three months ended </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">June&#160;30, 2020</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">, Teekay Parent received cash distributions of </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">$9.4 million</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;from Teekay LNG, including those made with respect to its general partner interests in Teekay LNG.  Distributions received for a given quarter consist of the amount of distributions relating to such quarter but received by Teekay Parent in the following quarter. Please refer to </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">Appendix D</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;of this release for further details.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:4px;text-align:justify;padding-left:28px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">19</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sD701EA62611E5249A01119D332EF3454"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation</font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix D - Reconciliation of Non-GAAP Financial Measures</font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Parent Free Cash Flow</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(in thousands of U.S. dollars, except share and per share data)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:675px;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:20px;"></td><td style="width:306px;"></td><td style="width:112px;"></td><td style="width:4px;"></td><td style="width:112px;"></td><td style="width:4px;"></td><td style="width:112px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">March 31,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Daughter Entities distributions to Teekay Parent </font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Teekay LNG</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Limited Partner interests </font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">8,990</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">6,302</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">4,790</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">GP interests</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">411</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">389</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">304</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Total Daughter Entity Distributions to Teekay Parent</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">9,401</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">6,691</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">5,094</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">FPSOs</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,250</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(1,448</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(99</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Other income and corporate general and administrative expenses</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Other Income</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">3,488</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,021</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">1,251</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Corporate general and administrative expenses</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;(3)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(5,423</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(2,125</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(2,819</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">TEEKAY PARENT ADJUSTED EBITDA </font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(4)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">9,716</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">5,139</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">3,427</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Net interest expense </font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(5)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(8,675</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(8,577</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(9,854</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Asset retirement costs incurred</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;(6)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(2,927</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Upfront lease payment received in excess of revenue recognized</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;(7)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">56,127</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">TOTAL TEEKAY PARENT FREE CASH FLOW</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(1,886</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">52,689</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(6,427</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ff0000;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup></font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Weighted-average number of common shares - Basic </font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">101,107,362</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">100,887,551</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">100,783,496</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Daughter Entities dividends and distributions for a given quarter consist of the amount of dividends and distributions relating to such quarter but received by Teekay Parent in the following quarter. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Common unit distribution cash flows to Teekay Parent are based on Teekay Parent&#8217;s ownership on the ex-dividend date for its publicly-traded subsidiary Teekay LNG for the periods as follows:</font></div></td></tr></table><div style="line-height:120%;padding-bottom:4px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:684px;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:312px;"></td><td style="width:14px;"></td><td style="width:105px;"></td><td style="width:4px;"></td><td style="width:14px;"></td><td style="width:105px;"></td><td style="width:4px;"></td><td style="width:14px;"></td><td style="width:105px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="8" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">March 31,</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Teekay LNG </font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;&#160;&#160;&#160;Distribution per common unit </font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.25</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.25</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">0.19</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;&#160;&#160;&#160;Common units owned by </font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Teekay Parent</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">35,958,274</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">25,208,274</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">25,208,274</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;&#160;&#160;&#160;Total distribution </font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">8,989,569</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">6,302,069</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2c2c2c;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">4,789,572</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;padding-left:36px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Increase in corporate general and administrative expenses for the three months ended June 30, 2020 relates primarily to a change in timing of annual equity-based compensation grants in 2020 and professional fees associated with the IDR transaction completed in May 2020.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(4)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Please refer to </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">Appendices C</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;and </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">E</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;for additional financial information on Teekay Parent&#8217;s adjusted EBITDA.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(5)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Please see </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">Appendix E</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;to this release for a description of this measure and a reconciliation of this non-GAAP financial measure as used in this release to interest expense net of interest income, the most directly comparable GAAP financial measure.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(6)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Relates to decommissioning activities for the </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">Banff</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;FPSO, which have been accrued on the balance sheet as an asset retirement obligation. Please see </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">Appendix C</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;footnote (2) for additional information.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(7)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Upfront lease payment relates to cash received in early April 2020 in excess of revenue recognized in the three months ended March 31, 2020, as a result of a new bareboat charter agreement relating to the </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">Foinaven</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;FPSO unit. Please refer to Summary Consolidated Statements of Income (Loss) for additional information.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">20</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sF580F6EF6B5356E1BB94289668C1E98C"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation</font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Non-GAAP Financial Reconciliations</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">21</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div><a name="sF20D16BA919C55ABA9AC1E1B393A817F"></a></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix E - Reconciliation of Non-GAAP Financial Measures </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Adjusted EBITDA - Consolidated </font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:680px;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:16px;"></td><td style="width:372px;"></td><td style="width:92px;"></td><td style="width:4px;"></td><td style="width:93px;"></td><td style="width:4px;"></td><td style="width:94px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">March 31,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2019</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Net income (loss)  </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">125,500</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">52,002</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(34,111</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">62,936</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">72,917</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">73,849</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Interest expense, net of interest income</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">56,931</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">59,717</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">67,972</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Income tax (recovery) expense </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(17,175</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">3,792</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">3,404</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">EBITDA</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">228,192</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">188,428</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">111,114</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Specific income statement items affecting EBITDA:</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Write-down and (gain) loss on sale of assets</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">10,669</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">94,606</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Gain on commencement of sales-type lease</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(44,943</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Adjustments for direct financing and sales-type lease to a cash basis and other</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,452</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,963</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,782</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Realized and unrealized losses on derivative instruments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">9,270</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">21,663</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">10,964</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Realized loss from the settlements of non-designated derivative instruments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(200</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(49</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Equity (income) loss</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(35,343</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(2,313</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">6,284</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Foreign currency exchange loss (gain)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">8,922</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(6,646</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">5,851</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Other expense - net</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">399</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">681</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">11,099</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Consolidated Adjusted EBITDA</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">224,361</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">254,390</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">148,094</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Adjusted EBITDA from equity-accounted vessels (</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-style:italic;">See Appendix E</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">91,508</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">87,808</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">48,515</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Total Adjusted EBITDA</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">315,869</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">342,198</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">196,609</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#f4faff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">22</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sE65A69B444D85195BE18B35A4D2B7B77"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix E - Reconciliation of Non-GAAP Financial Measures </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Adjusted EBITDA &#8211; Equity-Accounted Vessels </font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="14"></td></tr><tr><td style="width:16px;"></td><td style="width:228px;"></td><td style="width:69px;"></td><td style="width:4px;"></td><td style="width:69px;"></td><td style="width:4px;"></td><td style="width:69px;"></td><td style="width:4px;"></td><td style="width:69px;"></td><td style="width:4px;"></td><td style="width:69px;"></td><td style="width:4px;"></td><td style="width:69px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended  </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June&#160;30, 2020</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">March 31, 2020</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June&#160;30, 2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">At</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Company's </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">At</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Company's </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">At</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Company's </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">100%</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Portion</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">100%</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Portion</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">100%</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Portion</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Revenues</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">266,539</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">115,422</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">260,488</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">113,054</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">174,382</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">74,266</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Vessel and other operating expenses</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(74,233</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(32,468</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(74,396</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(33,336</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(69,135</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(30,565</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Depreciation and amortization </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(26,075</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(13,006</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(26,564</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(13,441</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(29,459</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(14,195</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Income from vessel operations of equity-accounted vessels </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1.5px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">166,231</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1.5px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">69,948</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1.5px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">159,528</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1.5px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">66,277</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1.5px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">75,788</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1.5px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">29,506</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Net interest expense</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(73,310</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(29,465</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(76,359</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(30,644</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(53,356</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(21,467</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Income tax recovery (expense)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">225</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">110</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(598</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(299</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(670</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(246</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Other items including realized and</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">unrealized loss</font><font style="font-family:Arial;font-size:9pt;color:#ff0000;">&#160;</font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">on derivative </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">instruments </font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(17,786</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(5,250</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(102,926</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(33,021</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(18,764</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(6,224</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Loss on sale of </font><font style="font-family:Arial;font-size:9pt;color:#2e3337;">equity-accounted</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;investments </font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(3)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(7,853</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Net income (loss) / equity income (loss) of equity-accounted vessels</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">75,360</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">35,343</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(20,355</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">2,313</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">2,998</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">(6,284</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Net income (loss) / equity income (loss)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">of equity-accounted vessels </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">75,360</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">35,343</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(20,355</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,313</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">2,998</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(6,284</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">26,075</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">13,006</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">26,564</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">13,441</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">29,459</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">14,195</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Net interest expense</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">73,310</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">29,465</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">76,359</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">30,644</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">53,356</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">21,467</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Income tax (recovery) expense</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(225</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(110</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">598</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">299</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">670</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">246</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">EBITDA</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">174,520</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">77,704</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">83,166</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">46,697</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">86,483</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">29,624</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="4" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:normal;">Specific income statement items affecting EBITDA:</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Adjustments for direct financing and sales-type lease to a cash basis</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">26,381</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">9,499</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">24,976</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">9,025</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">16,131</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">5,759</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Amortization of in-process contracts and other</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(1,738</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(945</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(1,718</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(935</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(1,736</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(945</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Other items including realized and unrealized loss on derivative instruments</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">17,786</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">5,250</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">102,927</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">33,021</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">18,764</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">6,224</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Loss on sale of equity-accounted investments</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;(3)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">7,853</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Adjusted EBITDA from equity-accounted vessels </font><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(4)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">216,949</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1.5px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">91,508</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1.5px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">209,351</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1.5px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">87,808</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1.5px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">119,642</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1.5px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">48,515</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;border-top:1.5px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="padding-top:5px;padding-bottom:2px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">The Company&#8217;s proportionate share of its equity-accounted vessels and other investments ranged from 20% to 52%. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:2px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">For the three months ended June 30 and March 31, 2020, includes unrealized credit losses recorded upon the adoption of ASU 2016-13</font><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;font-style:italic;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:2px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">For the three months ended June 30, 2019, includes a loss on sale of the Company's investment in Altera.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(4)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Adjusted EBITDA from equity-accounted vessels represents the Company&#8217;s proportionate share of adjusted EBITDA from its equity-accounted vessels and other investments.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">23</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s7C8B5BD683085AC0B39ED9FEB02F6234"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix E - Reconciliation of Non-GAAP Financial Measures </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Total Adjusted Revenues  </font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:685px;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:6px;"></td><td style="width:150px;"></td><td style="width:166px;"></td><td style="width:116px;"></td><td style="width:4px;"></td><td style="width:116px;"></td><td style="width:4px;"></td><td style="width:116px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">March 31,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2019 </font><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Revenues </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">482,805</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">574,054</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">462,397</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Proportionate share of revenues </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">from equity-accounted joint ventures</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">115,422</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">113,054</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">74,266</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">Less proportionate share of voyage revenues</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">earned directly from equity-accounted joint ventures</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(5,569</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(5,755</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(4,525</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">)</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">Total adjusted revenues</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">592,658</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">681,353</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;font-weight:bold;">532,138</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2c2c2c;">Comparative balances relating to the three months ended June 30, 2019 have been recast to reflect results consistent with the presentation in the Company&#8217;s 2019 Annual Report on Form 20-F and Form 6-K for the three and six months ended June 30, 2020. </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">24</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s768F2D65B58C5D2995BEBC6BF8E3D06D"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix E - Reconciliation of Non-GAAP Financial Measures</font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Adjusted EBITDA - Teekay Parent </font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="13"></td></tr><tr><td style="width:8px;"></td><td style="width:333px;"></td><td style="width:5px;"></td><td style="width:77px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:77px;"></td><td style="width:4px;"></td><td style="width:77px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:78px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended March 31, 2020</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Teekay</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Corporate</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Parent</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">FPSOs</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">G&amp;A</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Teekay Parent (loss) income from vessel operations</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(12,268</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">1,425</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(2,125</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(12,968</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Write-down of vessels</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">46,519</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">46,519</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Gain on commencement of sales-type lease</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(44,943</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(44,943</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">10,646</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">10,646</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Amortization of in-process revenue contracts and other</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(1,402</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">596</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(806</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Daughter Entities distributions</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">6,691</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">6,691</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Adjusted EBITDA &#8211; Teekay Parent</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">(1,448</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">2,021</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">4,566</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">5,139</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="13"></td></tr><tr><td style="width:8px;"></td><td style="width:330px;"></td><td style="width:5px;"></td><td style="width:80px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:77px;"></td><td style="width:4px;"></td><td style="width:77px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:78px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended June 30, 2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Teekay</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Corporate</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Parent</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">FPSOs</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">G&amp;A</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Teekay Parent (loss) income from vessel operations</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(5,987</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">541</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(2,819</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(8,265</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">7,811</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">42</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">7,853</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Amortization of in-process revenue contracts and other</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(1,923</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">668</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(1,255</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Daughter Entities distributions</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">5,094</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">5,094</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Adjusted EBITDA &#8211; Teekay Parent</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">(99</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">1,251</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">2,275</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">3,427</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">25</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s2266EDEF3963579996BC8B5ADC2D952F"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix E - Reconciliation of Non-GAAP Financial Measures </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Net Interest Expense - Teekay Parent </font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2c2c2c;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:124px;"></td><td style="width:116px;"></td><td style="width:116px;"></td><td style="width:105px;"></td><td style="width:4px;"></td><td style="width:105px;"></td><td style="width:4px;"></td><td style="width:105px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">March 31,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Interest expense </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(59,245</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(62,520</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(70,205</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Interest income </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,314</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">2,803</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">2,233</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Interest expense net of interest income consolidated </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(56,931</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(59,717</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(67,972</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Less: Non-Teekay Parent interest expense net of interest income</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(46,371</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(49,213</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(56,444</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Interest expense net of interest income - Teekay Parent </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(10,560</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(10,504</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(11,528</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Teekay Parent non-cash accretion and loan cost amortization</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,191</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">2,215</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">1,896</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">Teekay Parent realized losses on interest rate swaps</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(306</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(288</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">(222</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;">)</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">Net interest expense - Teekay Parent </font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">(8,675</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">(8,577</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">(9,854</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2f3337;font-weight:bold;">)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">26</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s74A57E01C68D58FEBECD4321CAC8BBD2"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Forward Looking Statements </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">This release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management&#8217;s current views with respect to certain future events and performance, including statements, among other things, regarding: the impact of COVID-19 and related global events on the Company&#8217;s business and financial results; the Company's ability to complete remaining crew changes and anticipated timing thereof; the Company's results for the third quarter of 2020; the future outlook for the tanker market; Teekay Tankers future free cash flow breakevens </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">for its spot fleet</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">; the timing on the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Banff </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">FPSO unit leaving its field and undergoing green recycling and the timing and costs associated with the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">remediation of the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Banff </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">field&#8217;s subsea infrastructure and the</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">&#32;Banff</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">FPSO unit's decommissioning and recycling; the Company's liquidity and the Teekay Group&#8217;s positioning for both near-term market volatility and to create long-term shareholder value and the ability in the longer-term to shape the future of marine energy transportation; the Company&#8217;s strategic priorities and anticipated delevering of the Teekay Group&#8217;s balance sheets and simplification of its structure; expected timing for completing the Company&#8217;s new and refinanced debt facilities and the ability of the Company to use proceeds from new debt facilities to repay its existing facilities in full; and Teekay Tankers&#8217; continued operation of its oil ship-to-ship transfer support services in North America and the Caribbean and the synergies of that business with Teekay Tankers&#8217; core Full Service Lightering business. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: market or counterparty reaction to changes in exploration, production and storage of offshore oil and gas, either generally or in particular regions that would impact expected future growth; changes in the demand for oil, refined products, LNG or LPG; changes in trading patterns significantly affecting overall vessel tonnage requirements; greater or less than anticipated levels of vessel newbuilding orders and deliveries and greater or less than anticipated rates of vessel scrapping; changes in global oil prices or tanker rates; OPEC+ and non-OPEC production and supply levels; oil contango levels; the duration and extent of the COVID-19 pandemic and any resulting effects on the markets in which the Company operates; the impact of the pandemic on the Company&#8217;s ability to maintain safe and efficient operations; issues with vessel operations; higher than expected costs and expenses, off-hire days or dry-docking requirements; </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">higher than expected costs and/or delays associated with the remediation of the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Banff</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;field or the decommission/recycling of the </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;font-style:italic;">Banff</font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;FPSO unit; </font><font style="font-family:Arial;font-size:10pt;color:#2c2c2c;">&#32;changes in applicable industry laws and regulations and the timing of implementation of new laws and regulations; the effects of IMO 2020 and IMO 2030; the potential for early termination of long-term contracts of existing vessels; delays in the commencement of charter or other contracts, including potential further delays to the commencement of commercial operations of the regasification terminal in Bahrain; changes in borrowing costs or equity valuations; declaration by Teekay LNG&#8217;s board of directors of common unit distributions; available cash to reduce financial leverage at Teekay Parent, Teekay LNG and Teekay Tankers; the impact of geopolitical tensions and changes in global economic conditions; and other factors discussed in Teekay&#8217;s filings from time to time with the SEC, including its Annual Report on Form 20-F for the fiscal year ended December 31, 2019. Teekay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Teekay&#8217;s expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">27</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 609 2963    www.teekay.com</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div>	</div></body>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
