XML 59 R34.htm IDEA: XBRL DOCUMENT
v3.22.1

Revenue (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | Revenue Table The following tables contain the Company’s total revenue, excluding revenue of the Teekay Gas Business (see Note 23), for the years ended December 31, 2021, 2020 and 2019, by contract type, by segment and by business line within segments.
|  |  | Year Ended December 31, 2021
|  |  | Teekay Tankers Conventional Tankers | Teekay Parent Offshore Production | Teekay Parent Other |  | Total
|  |  | $ | $ | $ |  | $
Time charters |  |  | 46,159 | — | 2,220 |  | 48,379
Voyage charters |  |  | 485,896 | — | — |  | 485,896
FPSO contracts |  |  | — | 47,895 | — |  | 47,895
Management fees and other |  |  | 10,312 | — | 90,026 |  | 100,338
|  |  | 542,367 | 47,895 | 92,246 |  | 682,508
|  |  | Year Ended December 31, 2020
|  |  | Teekay Tankers Conventional Tankers | Teekay Parent Offshore Production | Teekay Parent Other |  | Total
|  |  | $ | $ | $ |  | $
Time charters |  |  | 127,598 | — | 17,152 |  | 144,750
Voyage charters |  |  | 741,804 | — | — |  | 741,804
FPSO contracts |  |  | — | 108,952 | — |  | 108,952
Management fees and other |  |  | 17,032 | — | 133,717 |  | 150,749
|  |  | 886,434 | 108,952 | 150,869 |  | 1,146,255
|  |  | Year Ended December 31, 2019
|  |  | Teekay Tankers Conventional Tankers | Teekay Parent Offshore Production | Teekay Parent Other |  | Total
|  |  | $ | $ | $ |  | $
Time charters |  |  | 17,495 | — | 22,066 |  | 39,561
Voyage charters |  |  | 881,603 | — | — |  | 881,603
FPSO contracts |  |  | — | 210,816 | — |  | 210,816
Management fees and other |  |  | 42,840 | — | 100,225 |  | 143,065
|  |  | 941,938 | 210,816 | 122,291 |  | 1,275,045
Direct Financing Lease, Lease Income | The following table lists the components of the net investment in the Company's sales-type lease:
| December 31, 2021 |  | December 31, 2020
| $ |  | $
Total minimum lease payments to be received | 11,824 |  | 13,158
Estimated unguaranteed residual value of leased property | 2,385 |  | 8,000
Less unearned revenue | — |  | (5,686)
Total net investment in sales-type lease | 14,209 |  | 15,472
Less credit loss provision | (2,200) |  | (901)
Total net investment in sales-type lease, net | 12,009 |  | 14,571
Less current portion | (12,009) |  | (857)
Net investment in sales-type lease, net - non-current | — |  | 13,714
Breakdown of lease revenue and non-lease revenue | The following table contains the Company's total revenue, excluding revenue of the Teekay Gas Business (see Note 23), by those contracts or components of contracts accounted for as leases and by those contracts or components not accounted for as leases for the years ended December 31, 2021, 2020 and 2019:
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
|  | $ |  | $ |  | $
Lease revenue |  |  |  |  |  |
Lease revenue from lease payments of operating leases |  | 551,715 |  | 945,713 |  | 1,037,778
Interest income on lease receivables |  | 293 |  | 874 |  | —
Variable lease payments – cost reimbursements (1) |  | 30,162 |  | 43,701 |  | 45,389
Variable lease payments – other (2) |  | — |  | 5,218 |  | 48,813
|  | 582,170 |  | 995,506 |  | 1,131,980
Non-lease revenue |  |  |  |  |  |
Management fees and other income |  | 100,338 |  | 150,749 |  | 143,065
Total |  | 682,508 |  | 1,146,255 |  | 1,275,045
(1)Reimbursement for vessel operating expenditures and dry-docking expenditures received from the Company's customers relating to such costs incurred by the Company to operate the vessel for the customer. (2)Compensation from time charter contracts based on spot market rates in excess of a base daily hire amount, production tariffs based on the volume of oil produced, the price of oil, and other monthly or annual operational performance measures.

X
- Definition Breakdown of lease revenue and non-lease revenue + References No definition available. + Details
Name: | tk_BreakdownOfLeaseRevenueAndNonLeaseRevenueTableTextBlock
Namespace Prefix: | tk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of lease income from direct financing lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL77927221-108306 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919372-209981 + Details
Name: | us-gaap_DirectFinancingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration