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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net income $ 401,619 $ 517,423 $ 189,360
Loss from discontinued operations (note 22) 0 0 20,276
Income from continuing operations 401,619 517,423 209,636
Non-cash and non-operating items:      
Depreciation and amortization 93,582 97,551 99,033
Gain on sale and write-down of assets (note 15) (38,080) (10,360) (21,863)
Loss on bond repurchase (note 8) 0 0 12,694
Other 1,832 18,867 5,089
Change in operating assets and liabilities (note 20) 8,232 6,339 (132,301)
Net operating cash flow - continuing operations 467,185 629,820 172,288
Net operating cash flow - discontinued operations (note 22) 0 0 26,866
Net operating cash flow 467,185 629,820 199,154
FINANCING ACTIVITIES      
Issuance costs, net of proceeds from issuance of long-term debt 0 (3,536) 0
Prepayments of long-term debt 0 (1,000) (614,677)
Scheduled repayments of long-term debt and settlement of related swaps (note 8) 0 (21,184) (56,914)
Proceeds from short-term debt 0 50,000 134,000
Prepayments of short-term debt 0 (50,000) (159,000)
Proceeds from financings related to sale-leaseback of vessels, net of issuance costs 0 0 288,108
Prepayments of obligations related to finance leases (136,955) (364,201) 0
Scheduled repayments of obligations related to finance leases (5,213) (34,113) (50,636)
Sale of Common Stock of Subsidiaries 0 0 22,809
Purchase of Teekay Tankers common shares (note 13) (50,015) (4,765) (5,269)
Distributions from subsidiaries to non-controlling interests (73,222) (42,543) 0
Other financing activities (5,482) (4,192) 0
Net financing cash flow - continuing operations (416,448) (520,414) (456,948)
Net financing cash flow - discontinued operations (note 22) 0 0 0
Net financing cash flow (416,448) (520,414) (456,948)
INVESTING ACTIVITIES      
Proceeds from Sale, Maturity and Collection of Short-Term Investments 162,604 37,396 (210,000)
Payments to Acquire Marketable Securities (21,041) 0 0
Proceeds from Sales of Business, Affiliate and Productive Assets 88,778 23,561 82,621
Payments to Acquire Property, Plant, and Equipment (70,504) 0 0
Proceeds from the sale of the Teekay Gas Business, net of cash sold ($178.0 million) (note 22) 0 0 454,789
Increase (Decrease) in Notes Receivable, Related Parties 2,500 3,900 (3,000)
Net Cash Provided by (Used in) Investing Activities, Continuing Operations 157,496 54,659 308,980
Cash Provided by (Used in) Investing Activities, Discontinued Operations 0 0 0
Net investing cash flow 157,496 54,659 308,980
Increase in cash, cash equivalents and restricted cash 208,233 164,065 51,186
Cash, cash equivalents and restricted cash, beginning of the year 480,771 316,706 265,520
Cash, cash equivalents and restricted cash, end of the year 689,004 480,771 316,706
Payments of Dividends (85,018) 0 0
Repurchase of Teekay Corporation common shares (66,280) (50,713) (15,369)
Proceeds from Issuance of Common Stock 5,737 5,833 0
Payments to Acquire Assets, Investing Activities $ (4,841) $ (10,198) $ (15,430)