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Schedule I Condensed Non-Consolidated Financial Information of Registrant Schedule I Condensed Non-Consolidated Financial Information of Registrant (Tables) | 12 Months Ended
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Dec. 31, 2021
Condensed Balance Sheet [Table Text Block] | TEEKAY CORPORATION SCHEDULE I CONDENSED NON-CONSOLIDATED FINANCIAL INFORMATION OF REGISTRANT CONDENSED BALANCE SHEETS (NOTE 1) (in thousands of U.S. dollars)
|  | As at December 31, 2021 $ |  | As at December 31, 2020 $
ASSETS |  |  |  |
Current |  |  |  |
Cash and cash equivalents |  | 31,001 |  |  | 9,604 |
Accounts receivable |  | 126 |  |  | 309 |
Prepaid expenses and other |  | 192 |  |  | 57 |
Due from affiliates |  | 90,803 |  |  | 166,219 |
Total current assets |  | 122,122 |  |  | 176,189 |
Investments in and advances to subsidiaries (note 1) |  | 724,016 |  |  | 635,060 |
Other assets |  | — |  |  | 9 |
Total assets |  | 846,138 |  |  | 811,258 |
LIABILITIES AND EQUITY |  |  |  |
Current |  |  |  |
Accounts payable |  | 2,149 |  |  | 16,170 |
Accrued liabilities |  | 15,171 |  |  | 7,269 |
Due to affiliates |  | 222,638 |  |  | 247,425 |
Current portion of long-term debt |  | 239,807 |  |  | — |
Other current liabilities |  | 58 |  |  | 971 |
Total current liabilities |  | 479,823 |  |  | 271,835 |
Long-term debt (note 2) |  | 111,383 |  |  | 339,933 |
Other long-term liabilities |  | 7,884 |  |  | 8,183 |
Total liabilities |  | 599,090 |  |  | 619,951 |
Equity |  |  |  |
Common stock and additional paid-in capital |  | 1,053,804 |  |  | 1,057,321 |
Accumulated deficit |  | (806,756) |  |  | (866,014) |
Total equity |  | 247,048 |  |  | 191,307 |
Total liabilities and equity |  | 846,138 |  |  | 811,258 |
The accompanying notes are an integral part of the condensed non-consolidated financial information.
Condensed Income Statement [Table Text Block] | TEEKAY CORPORATION SCHEDULE I CONDENSED NON-CONSOLIDATED FINANCIAL INFORMATION OF REGISTRANT CONDENSED STATEMENTS OF INCOME (LOSS) (NOTE 1) (in thousands of U.S. dollars)
|  | Year Ended December 31, 2021 $ |  | Year Ended December 31, 2020 $ |  | Year Ended December 31, 2019 $
Operating expenses |  | — |  |  | — |  |  | (412) |
General and administrative expenses |  | (18,085) |  |  | (16,659) |  |  | (19,463) |
Loss from operations |  | (18,085) |  |  | (16,659) |  |  | (19,875) |
Interest expense |  | (33,320) |  |  | (37,674) |  |  | (46,243) |
Interest income |  | 35 |  |  | 267 |  |  | 1,561 |
Impairments of investments and advances (note 1) |  | — |  |  | (123,753) |  |  | (103,420) |
Dividend income (note 1) |  | 121,253 |  |  | 58,563 |  |  | 62,100 |
Other |  | (11,737) |  |  | 20,572 |  |  | (5,662) |
Net income (loss) before income taxes |  | 58,146 |  |  | (98,684) |  |  | (111,539) |
Income tax recovery |  | 1,112 |  |  | 790 |  |  | 7 |
Net income (loss) |  | 59,258 |  |  | (97,894) |  |  | (111,532) |
The accompanying notes are an integral part of the condensed non-consolidated financial information.
Condensed Cash Flow Statement [Table Text Block] | e condensed non-consolidated financial information. TEEKAY CORPORATION SCHEDULE I CONDENSED NON-CONSOLIDATED FINANCIAL INFORMATION OF REGISTRANT CONDENSED STATEMENTS OF CASH FLOWS (in thousands of U.S. dollars)
|  | Year Ended December 31, 2021 $ |  | Year Ended December 31, 2020 $ |  | Year Ended December 31, 2019 $
Cash and cash equivalents provided by (used for) |  |  |  |  |  |
OPERATING ACTIVITIES |  |  |  |  |  |
Net income (loss) |  | 59,258 |  |  | (97,894) |  |  | (111,532) |
Non-cash and non-operating items: |  |  |  |  |  |
Unrealized gain on derivative instruments |  | (913) |  |  | (656) |  |  | (270) |
Impairments of investments and advances |  | — |  |  | 123,753 |  |  | 103,420 |
Stock-based compensation |  | 3,276 |  |  | 5,165 |  |  | 7,400 |
Dividends-in-kind |  | (75,298) |  |  | (31,763) |  |  | (10,000) |
Other |  | 4,610 |  |  | 7,925 |  |  | 19,153 |
Change in operating assets and liabilities |  | 35,672 |  |  | 8,508 |  |  | (15,314) |
Net operating cash flow |  | 26,605 |  |  | 15,038 |  |  | (7,143) |
FINANCING ACTIVITIES |  |  |  |  |  |
Proceeds from issuance of long-term debt, net of issuance costs |  | — |  |  | — |  |  | 250,000 |
Prepayments of long-term debt |  | — |  |  | (18,249) |  |  | — |
Scheduled repayments of long-term debt |  | — |  |  | (36,712) |  |  | (480,851) |
Debt issuance costs |  | — |  |  | — |  |  | (15,029) |
Advances from affiliates |  | — |  |  | — |  |  | 227,157 |
Cash dividends paid |  | — |  |  | — |  |  | (5,523) |
Other financing activities |  | (459) |  |  | (128) |  |  | (637) |
Net financing cash flow |  | (459) |  |  | (55,089) |  |  | (24,883) |
INVESTING ACTIVITIES |  |  |  |  |  |
Purchase of Teekay Tankers common shares |  | (4,749) |  |  | — |  |  | — |
Net investing cash flow |  | (4,749) |  |  | — |  |  | — |
Increase (decrease) in cash and cash equivalents |  | 21,397 |  |  | (40,051) |  |  | (32,026) |
Cash and cash equivalents, beginning of the year |  | 9,604 |  |  | 49,655 |  |  | 81,681 |
Cash and cash equivalents, end of the year |  | 31,001 |  |  | 9,604 |  |  | 49,655 |
Supplemental cash flow information (note 3) |  |  |  |  |  |
The accompanying notes are an integral part of the condensed non-consolidated financial information.
Summary of Long-Term Debt |
| December 31, 2021 $ |  | December 31, 2020 $
Revolving Credit Facilities due through December 2024 | 271,167 |  | 185,000
Senior Notes (9.25%) due November 2022 | 243,395 |  | 243,395
Convertible Senior Notes (5%) due January 2023 | 112,184 |  | 112,184
U.S. Dollar-denominated Term Loan due through August 2023 | 53,339 |  | 64,568
Total principal | 680,085 |  | 605,147
Less: unamortized discount and debt issuance costs | (8,605) |  | (22,253)
Total debt | 671,480 |  | 582,894
Less: current portion | (255,306) |  | (10,858)
Long-term portion | 416,174 |  | 572,036
Teekay Corporation |
Summary of Long-Term Debt |
| December 31, 2021 $ |  | December 31, 2020 $
Senior Notes (9.25%) due November 2022 | 243,395 |  |  | 243,395 |
Convertible Senior Notes (5%) due January 2023 | 112,184 |  |  | 112,184 |
Total principal | 355,579 |  |  | 355,579 |
Less unamortized discount and debt issuance costs | (4,389) |  |  | (15,646) |
Total debt | 351,190 |  |  | 339,933 |
Less current portion | (239,807) |  |  | — |
Long-term portion | 111,383 |  |  | 339,933 |

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