Segment Reporting

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Reporting

2. Segment Reporting

The following tables include results for the Company’s four segments for the three and six months ended June 30, 2013 and 2012:

	Shuttle					Liquefied		Conventional
	Tanker and FSO		FPSO			Gas		Tanker
Three Months ended June 30, 2013	Segment		Segment			Segment		Segment			Total
Revenues		140,062		122,560			70,983		97,102			430,707
Voyage expenses		22,275		—			487		3,392			26,154
Vessel operating expenses		43,472		84,054			15,164		53,288			195,978
Time-charter hire expense		14,110		—			—		12,434			26,544
Depreciation and amortization		29,093		39,285			18,328		23,063			109,769
General and administrative(1)		9,324		11,760			5,314		8,997			35,395
Asset impairments and provisions		—		—			—		7,042			7,042
Gain on sale of vessels and equipment		—		(1,338	)		—		(3	)		(1,341	)
Restructuring charges		1,043		—			—		746			1,789
Income (loss) from vessel operations		20,745		(11,201	)		31,690		(11,857	)		29,377
Segment assets as at June 30, 2013		1,844,517		2,787,470			3,279,847		1,983,339			9,895,173
	Shuttle					Liquefied		Conventional
	Tanker and FSO		FPSO			Gas		Tanker
Three Months ended June 30, 2012	Segment		Segment			Segment		Segment			Total
Revenues		153,694		136,198			70,093		126,796			486,781
Voyage expenses		32,252		—			53		6,871			39,176
Vessel operating expenses		44,939		85,489			12,653		48,692			191,773
Time-charter hire expense		12,969		—			—		18,522			31,491
Depreciation and amortization		32,037		34,415			17,445		31,171			115,068
General and administrative(1)		11,241		10,214			4,513		10,262			36,230
Asset impairments and provisions		1,048		—			—		—			1,048
Loss on sale of vessels and equipment		—		—			—		2,221			2,221
Restructuring charges		—		—			—		1,525			1,525
Income from vessel operations		19,208		6,080			35,429		7,532			68,249
Segment assets as at June 30, 2012		1,871,341		2,497,592			3,108,124		2,494,008			9,971,065

	Shuttle					Liquefied		Conventional
	Tanker and FSO		FPSO			Gas		Tanker
Six Months ended June 30, 2013	Segment		Segment			Segment		Segment			Total
Revenues		278,715		263,489			141,984		197,556			881,744
Voyage expenses		44,084		—			491		7,894			52,469
Vessel operating expenses		88,379		161,438			30,260		103,365			383,442
Time-charter hire expense		28,887		—			—		25,109			53,996
Depreciation and amortization		56,789		73,317			35,619		46,538			212,263
General and administrative(1)		19,828		24,121			11,510		19,207			74,666
Asset impairments and provisions		—		—			—		10,207			10,207
(Gain) loss on sale of vessels and equipment		—		(1,338	)		—		29			(1,309	)
Restructuring charges		1,630		—			—		2,213			3,843
Income (loss) from vessel operations		39,118		5,951			64,104		(17,006	)		92,167
	Shuttle					Liquefied		Conventional
	Tanker and FSO		FPSO			Gas		Tanker
Six Months ended June 30, 2012	Segment		Segment			Segment		Segment			Total
Revenues		309,929		264,866			143,678		269,414			987,887
Voyage expenses		59,267		232			149		18,165			77,813
Vessel operating expenses		94,758		159,571			25,620		99,578			379,527
Time-charter hire expense		26,586		—			—		48,884			75,470
Depreciation and amortization		63,829		67,563			34,683		63,607			229,682
General and administrative(1)		20,520		21,791			9,618		22,663			74,592
Asset impairments and provisions		1,048		—			—		—			1,048
Loss on sale of vessels and equipment		—		—			—		2,024			2,024
Restructuring charges		—		—			—		1,525			1,525
Income from vessel operations		43,921		15,709			73,608		12,968			146,206

(1) Includes direct general and administrative expenses and indirect general and administrative expenses (allocated to each segment based on estimated use of corporate resources).

A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets is as follows:

	June 30, 2013		December 31, 2012
	$		$
Total assets of all segments		9,895,173		9,719,938
Cash		540,206		639,491
Accounts receivable and other assets		682,208		642,596
Consolidated total assets		11,117,587		11,002,025