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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
OPERATING ACTIVITIES      
Net loss $ (311,116) $ (376,421) $ (166,635)
Non-cash items:      
Depreciation and amortization 455,898 428,608 440,705
Amortization of in-process revenue contracts (note 6) (72,933) (46,436) (48,254)
Loss (gain) on sale of marketable securities 2,560 (3,372) (1,805)
Loss (gain) on sale of vessels and equipment 6,975 (4,229) (2,060)
Goodwill impairment charge   36,652  
Write-down of equity accounted investments (note 18b) 1,767 19,411  
Asset impairments (note 18b) 434,082 155,288 51,210
Bargain purchase gain (note 3)   (68,535)  
Loss on repurchase of notes     12,645
Equity (income) loss, net of dividends received (65,639) 31,376 11,257
Income tax (recovery) expense (14,406) 4,290 (6,340)
Employee stock option compensation 9,393 16,262 15,264
Unrealized foreign exchange loss (gain) 22,137 (11,614) (21,427)
Unrealized (gain) loss on derivative instruments (40,373) 70,822 140,187
Other 10,823 (4,942) (929)
Change in operating assets and liabilities (note 17a) (115,209) (84,347) 45,415
Expenditures for dry docking (35,023) (55,620) (57,483)
Net operating cash flow 288,936 107,193 411,750
FINANCING ACTIVITIES      
Proceeds from issuance of long-term debt (note 8) 1,417,870 2,114,879 1,769,742
Debt issuance costs (10,595) (10,634) (14,471)
Scheduled repayments of long-term debt (266,242) (449,640) (210,025)
Prepayments of long-term debt (1,060,169) (881,207) (1,536,587)
Repayments of capital lease obligations (10,161) (89,145) (38,958)
(Increase) decrease in restricted cash (note 10) (33,592) 73,105 30,291
Net proceeds from equity issuances of subsidiaries (note 5) 496,224 631,057 645,642
Equity contribution by joint venture partner 86,350    
Repurchase of Common Stock (note 12)   (122,195) (40,111)
Distribution from subsidiaries to non-controlling interests (246,555) (201,942) (159,808)
Cash dividends paid (83,299) (93,480) (92,695)
Other financing activities 9,840 5,847 5,682
Net financing cash flow 299,671 976,645 358,702
INVESTING ACTIVITIES      
Expenditures for vessels and equipment (523,597) (755,045) (343,091)
Proceeds from sale of vessels and equipment 250,807 33,424 70,958
Acquisition of FPSO units and Sevan Marine ASA, net of cash acquired (note 3a) (92,303) (322,500)  
Investment in term loans (note 4)   (70,000) (115,575)
Investment in equity accounted investees (note 23) (183,554) (38,496) (45,480)
Advances to equity accounted investees (117,235) (55,156) (5,447)
Direct financing lease payments received 23,307 27,608 25,782
Other investing activities 1,332 8,706 (361)
Net investing cash flow (641,243) (1,171,459) (413,214)
(Decrease) increase in cash and cash equivalents (52,636) (87,621) 357,238
Cash and cash equivalents, beginning of the year 692,127 779,748 422,510
Cash and cash equivalents, end of the year $ 639,491 $ 692,127 $ 779,748