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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Disaggregation of Revenue | The following table includes the Company’s revenues by segment for the three and six months ended June 30, 2020 and 2019:
| Three Months Ended June 30, | Six Months Ended June 30,
| 2020 | 2019 | 2020 | 2019
| $ | $ | $ | $
Teekay LNG |  |  |  |
Liquefied Gas Carriers | 148,205 |  | 150,691 |  | 288,092 |  | 297,673 |
Conventional Tankers | — |  | 2,369 |  | — |  | 5,131 |
| 148,205 |  | 153,060 |  | 288,092 |  | 302,804 |
Teekay Tankers |  |  |  |
Conventional Tankers(1) | 246,492 |  | 207,007 |  | 588,392 |  | 445,168 |
Teekay Parent |  |  |  |
Offshore Production | 28,787 |  | 57,828 |  | 74,720 |  | 107,266 |
Other | 59,321 |  | 47,989 |  | 105,655 |  | 98,648 |
| 88,108 |  | 105,817 |  | 180,375 |  | 205,914 |
Eliminations and other(1) | — |  | (3,487 | ) | — |  | (4,616 | )
| 482,805 |  | 462,397 |  | 1,056,859 |  | 949,270 |
(1) | During 2019, Teekay Tankers' ship-to-ship transfer business provided operational and maintenance services to Teekay LNG Bahrain Operations L.L.C., an entity wholly-owned by Teekay LNG, for the LNG receiving and regasification terminal in Bahrain. Also during 2019, the Magellan Spirit was chartered by Teekay LNG to Teekay Parent.
Income (loss) from Vessel Operations by Segment | The following table includes the Company’s income (loss) from vessel operations by segment for the three and six months ended June 30, 2020 and 2019:
| Income (Loss) from Vessel Operations(1)
| Three Months Ended June 30, | Six Months Ended June 30,
| 2020 | 2019 | 2020 | 2019
| $ | $ | $ | $
Teekay LNG |  |  |  |
Liquefied Gas Carriers | 69,589 |  | 74,244 |  | 91,327 |  | 144,687 |
Conventional Tankers | — |  | 433 |  | — |  | (649 | )
| 69,589 |  | 74,677 |  | 91,327 |  | 144,038 |
Teekay Tankers |  |  |  |
Conventional Tankers | 92,986 |  | 5,051 |  | 213,112 |  | 37,148 |
Teekay Parent |  |  |  |
Offshore Production | (11,540 | ) | (5,987 | ) | (23,808 | ) | (18,544 | )
Other | (2,531 | ) | (2,278 | ) | (3,231 | ) | (6,947 | )
| (14,071 | ) | (8,265 | ) | (27,039 | ) | (25,491 | )
| 148,504 |  | 71,463 |  | 277,400 |  | 155,695 |
(1) | Includes direct general and administrative expenses and indirect general and administrative expenses (allocated to each segment based on estimated use of corporate resources).
Reconciliation of Total Segment Assets | A reconciliation of total segment assets to total assets presented in the accompanying unaudited consolidated balance sheets is as follows:
| June 30, 2020 | December 31, 2019
| $ | $
Teekay LNG – Liquefied Gas Carriers | 4,762,748 |  | 5,249,465 |
Teekay Tankers – Conventional Tankers | 1,904,059 |  | 2,140,652 |
Teekay Parent – Offshore Production | 48,867 |  | 161,096 |
Teekay Parent – Other | 52,848 |  | 80,455 |
Cash and cash equivalents | 461,152 |  | 353,241 |
Other assets not allocated | 126,197 |  | 102,701 |
Eliminations | (10,359 | ) | (14,746 | )
Consolidated total assets | 7,345,512 |  | 8,072,864 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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