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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Revenue and Income from Vessel Operations by Segment | The following table includes the Company’s revenues and (loss) income from vessel operations by segment, excluding such amounts of the Company’s discontinued operations (see Note 23), for the periods presented in these financial statements:
| Revenues |  | (Loss) Income from Vessel Operations (1)
| Year Ended December 31, |  | Year Ended December 31,
| 2021 |  | 2020 |  | 2019 |  | 2021 |  | 2020 |  | 2019
| $ |  | $ |  | $ |  | $ |  | $ |  | $
Teekay Tankers |  |  |  |  |  |  |  |  |  |  |
Conventional Tankers | 542,367 |  |  | 886,434 |  |  | 941,938 |  |  | (194,095) |  |  | 141,572 |  |  | 123,883 |
Teekay Parent |  |  |  |  |  |  |  |  |  |  |
Offshore Production | 47,895 |  |  | 108,952 |  |  | 210,816 |  |  | 35,546 |  |  | (38,054) |  |  | (208,167) |
Other | 92,246 |  |  | 150,869 |  |  | 122,291 |  |  | (26,804) |  |  | (33,321) |  |  | (24,893) |
| 140,141 |  |  | 259,821 |  |  | 333,107 |  |  | 8,742 |  |  | (71,375) |  |  | (233,060) |
| 682,508 |  |  | 1,146,255 |  |  | 1,275,045 |  |  | (185,353) |  |  | 70,197 |  |  | (109,177) |
(1)Includes direct general and administrative expenses and indirect general and administrative expenses (allocated to each segment based on estimated use of corporate resources).
Revenues and Percentage of Consolidated Revenues | The following table presents revenues and percentage of consolidated revenues for customers that accounted for more than 10% of the Company’s consolidated revenues, excluding such amounts of the Company’s discontinued operations (see Note 23), during the periods presented.
| Year Ended December 31,
(U.S. dollars in millions) | 2021 |  | 2020 |  | 2019
BP Plc (1) | (2) |  | (2) |  | $160 or 13%
(1)Teekay Tankers Segment — Conventional Tankers, and Teekay Parent Segment — Offshore Production. (2)Less than 10%.
Other Income Statement Items by Segment | The following table includes other income statement items by segment, excluding such amounts of the Company’s discontinued operations (see Note 23).
| Depreciation and Amortization |  | (Write-down) and gain (loss) on sale of assets |  | Equity (Loss) income
| Year Ended December 31, |  | Year Ended December 31, |  | Year Ended December 31,
| 2021 |  | 2020 |  | 2019 |  | 2021 |  | 2020 |  | 2019 |  | 2021 |  | 2020 |  | 2019
| $ |  | $ |  | $ |  | $ |  | $ |  | $ |  | $ |  | $ |  | $
Teekay Tankers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conventional Tankers | (106,084) |  |  | (117,213) |  |  | (124,002) |  |  | (92,368) |  |  | (69,446) |  |  | (5,544) |  |  | (14,107) |  |  | 5,100 |  |  | 2,345 |
Teekay Parent |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Offshore Production | — |  |  | (14,166) |  |  | (29,710) |  |  | — |  |  | (70,692) |  |  | (178,330) |  |  | — |  |  | — |  |  | — |
Other | — |  |  | — |  |  | (195) |  |  | — |  |  | (9,100) |  |  | — |  |  | — |  |  | — |  |  | 127 |
| — |  |  | (14,166) |  |  | (29,905) |  |  | — |  |  | (79,792) |  |  | (178,330) |  |  | — |  |  | — |  |  | 127 |
Altera (1) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (75,814) |
| (106,084) |  |  | (131,379) |  |  | (153,907) |  |  | (92,368) |  |  | (149,238) |  |  | (183,874) |  |  | (14,107) |  |  | 5,100 |  |  | (73,342) |
(1) Prior to its sale in May 2019, the Company accounted for its investment in Altera's general partner and common units using the equity method, and recognized an equity loss of $75.8 million for the year ended December 31, 2019. During the year ended December 31, 2019, the Company wrote-down the investment in Altera by $64.9 million (included in equity loss for the year ended December 31, 2019 in the table above) and recognized a loss on sale of $8.9 million. The following table includes capital expenditures by segment, excluding such amounts of the Company’s discontinued operations (see Note 23), for the periods presented in these financial statements.
| December 31, 2021 $ |  | December 31, 2020 $
Teekay Tankers – Conventional Tankers | 21,447 |  | 16,025
Reconciliation of Total Segment Assets | A reconciliation of total segment assets to total assets, presented in the accompanying consolidated balance sheets is as follows:
| December 31, 2021 $ |  | December 31, 2020 $
Teekay Tankers – Conventional Tankers | 1,568,177 |  | 1,743,013
Teekay Parent – Offshore Production | 18,886 |  | 30,845
Teekay Parent – Other | 2,806 |  | 56,611
Cash and cash equivalents | 108,977 |  | 128,743
Other assets not allocated | 32,914 |  | 125,557
Eliminations | (4,217) |  | (5,232)
Consolidated total assets - continuing operations | 1,727,543 |  | 2,079,537
Total assets - discontinued operations | 4,804,439 |  | 4,866,375
Consolidated total assets | 6,531,982 |  | 6,945,912

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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