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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2021
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, 2021 and 2020:
| Three Months Ended June 30, | Six Months Ended June 30,
| 2021 | 2020 | 2021 | 2020
| $ | $ | $ | $
Teekay LNG |  |  |  |
Liquefied Gas Carriers | 148,769 | 148,205 | 301,571 | 288,092
Teekay Tankers |  |  |  |
Conventional Tankers | 123,420 | 246,492 | 266,169 | 588,392
Teekay Parent |  |  |  |
Offshore Production | 12,290 | 28,787 | 23,107 | 74,720
Other | 41,001 | 59,321 | 93,714 | 105,655
| 53,291 | 88,108 | 116,821 | 180,375
| 325,480 | 482,805 | 684,561 | 1,056,859
Income (loss) from Vessel Operations by Segment | The following table includes the Company’s (loss) income from vessel operations by segment for the three and six months ended June 30, 2021 and 2020:
| (Loss) income from Vessel Operations(1)
| Three Months Ended June 30, | Six Months Ended June 30,
| 2021 | 2020 | 2021 | 2020
| $ | $ | $ | $
Teekay LNG |  |  |  |
Liquefied Gas Carriers | 64,736 | 69,589 | 135,347 | 91,327
Teekay Tankers |  |  |  |
Conventional Tankers | (119,434) | 92,986 | (131,277) | 213,112
Teekay Parent |  |  |  |
Offshore Production | 30,543 | (11,540) | 32,515 | (23,808)
Other | (2,965) | (2,531) | (2,378) | (3,231)
| 27,578 | (14,071) | 30,137 | (27,039)
| (27,120) | 148,504 | 34,207 | 277,400
(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 consolidated total assets presented in the accompanying unaudited consolidated balance sheets is as follows:
| June 30, 2021 | December 31, 2020
| $ | $
Teekay LNG – Liquefied Gas Carriers | 4,661,759 | 4,647,242
Teekay Tankers – Conventional Tankers | 1,593,712 | 1,743,013
Teekay Parent – Offshore Production | 18,372 | 30,845
Teekay Parent – Other | 19,148 | 60,002
Cash and cash equivalents | 258,351 | 348,785
Other assets not allocated | 98,435 | 132,425
Eliminations | (13,176) | (16,400)
Consolidated total assets | 6,636,601 | 6,945,912

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 Reference 2: 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=123359005&loc=d3e8924-108599 + Details
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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=123359005&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=123359005&loc=d3e8906-108599 + Details
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