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Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues (notes 3) $ 1,220,374 $ 1,464,975 $ 1,190,184
Voyage expenses (405,546) (474,371) (495,604)
Vessel operating expenses (252,594) (241,585) (275,139)
Charter hire expenses (74,795) (70,836) (27,374)
Depreciation and amortization (93,582) (97,551) (99,033)
General and administrative expenses (61,058) (57,590) (57,552)
Restructuring charges (note 16) (5,632) (1,677) (11,579)
Income from operations 365,247 531,725 245,766
Interest expense (7,542) (28,009) (38,580)
Interest income 37,218 24,128 6,689
Other - net (note 17) 4,334 (1,691) (3,066)
Income from continuing operations before income taxes 402,024 529,585 211,053
Income tax expense (note 18) (405) (12,162) (1,417)
Income from continuing operations 401,619 517,423 209,636
Loss from discontinued operations (note 22) 0 0 (20,276)
Net income 401,619 517,423 189,360
Net income attributable to non-controlling interests (note 1) (267,849) (366,782) (110,953)
Net income attributable to the shareholders of Teekay Corporation 133,770 150,641 78,407
Income from continuing operations (401,619) (517,423) (209,636)
Net income attributable to non-controlling interests, continuing operations (267,849) (366,782) (172,881)
Net income attributable to the shareholders of Teekay Corporation, continuing operations 133,770 150,641 36,755
Net loss attributable to non-controlling interests, discontinued operations 0 0 61,928
Net income attributable to the shareholders of Teekay Corporation, discontinued operations 0 0 41,652
Net income attributable to the shareholders of Teekay Corporation $ 133,770 $ 150,641 $ 78,407
Basic and Diluted (shares) 91,285,538 94,484,659 102,119,129
Common stock and common stock equivalents (shares) 93,275,031 96,644,969 104,415,597
•  Diluted income $ 1.42 $ 1.54 $ 0.76
Income (Loss) from Equity Method Investments $ 2,767 $ 3,432 $ 244
Gain on sale and write-down of assets (note 15) $ 38,080 $ 10,360 $ 21,863
Amounts attributable to the shareholders of Teekay Corporation      
•  Basic income from continuing operations attributable to shareholders of Teekay Corporation $ 1.47 $ 1.59 $ 0.36
•  Basic income from discontinued operations attributable to shareholders of Teekay Corporation 0 0 0.41
•  Basic income 1.47 1.59 0.77
•  Diluted income from continuing operations attributable to shareholders of Teekay Corporation 1.42 1.54 0.35
•  Diluted income from discontinued operations attributable to shareholders of Teekay Corporation 0 0 0.40
•  Diluted income 1.42 $ 1.54 $ 0.76
S2024Q4      
Dividends $ 1.00