Equity Accounted Investments (Tables)

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Condensed Summary of Company's Investments in and Advances to Joint Ventures

A condensed summary of the Company’s investments in and advances to equity-accounted investees are as follows (in thousands of U.S. dollars, except percentages):


				As at December 31,
	Ownership			2014		2013
Investments in Equity-accounted Investees	Percentage			$		$
Malt Joint Venture (note 3h)		52	%		263,446		228,183
RasGas 3 Joint Venture		40	%		141,866		125,648
Exmar LPG Joint Venture (note 3g)		50	%		126,690		82,576
Exmar Joint Venture		50	%		97,037		86,387
TIL (note 3e)		16	%		63,715		—
Tiro and Sidon Joint Venture		50	%		54,540		52,118
Angola Joint Venture		33	%		50,887		54,168
Sevan Marine Equity Investment (note 3f)		43	%		34,985		40,740
BG (note 3c)		20%-30	%		20,704		—
Other		50	%		19,551		20,489

Total					873,421		690,309


	Ownership		As at December 31,
Loans to Equity-accounted Investees	Percentage		2014		2013
Yamal LNG Joint Venture (note 3b)		50%		97,157		—
Exmar LPG Joint Venture (note 3g)		50%		82,677		82,068
Tiro and Sidon Joint Venture		50%		18,006		12,781
SkaugenPetroTrans Joint Venture		50%		14,500		16,079
Teekay LNG-Marubeni Joint Venture (note 3h)		52%		11,039		10,274
Other		16%-50%		28,201		19,570

Total				251,580		140,772

(1)	The Company also has loans to joint venture partners of $1.8 million as at December 31, 2014 (2013—$28.5 million).

Condensed Summary of Company's Financial Information for Joint Venture

A condensed summary of the Company’s financial information for equity-accounted investments (16% to 52% owned) shown on a 100% basis are as follows:


	As at December 31,
	2014⁽¹⁾		2013⁽²⁾
Cash and restricted cash		434,833		323,065
Other assets- current		249,882		165,919
Vessels and equipment		3,345,590		2,496,086
Net investment in direct financing leases		1,873,803		1,907,458
Other assets—non-current		150,618		302,255

Current portion of long-term debt and obligations under capital lease		526,097		501,683
Other liabilities—current		217,180		216,659
Long-term debt and obligations under capital lease		2,958,698		2,973,170
Other liabilities—non-current		459,907		256,465


	Year ended December 31,
	2014⁽¹⁾			2013⁽²⁾		2012⁽³⁾⁽⁴⁾
Revenues		998,655			940,156		659,030
Income from vessel operations		454,135			328,430		241,702
Realized and unrealized (loss) gain on derivative instruments		(58,884	)		16,334		(56,307	)
Net income		300,837			288,550		120,395

Certain of the comparative figures have been adjusted to conform to the presentation adopted in the current year.

(1)	The results included for TIL are from the date of incorporation in January 2014.

(2)	The results included for the Exmar LPG BVBA are from the date of acquisition in February 2013.

(3)	The results included for the Teekay LNG-Marubeni Joint Venture are from the date of acquisition of the MALT LNG Carriers, which were acquired in February 2012.

(4)	The results included for the Angola Joint Venture are from the time the vessels were delivered in August, September, October 2011 and January 2012, respectively.