Investments (Tables) - Teekay Offshore [Member]

6 Months Ended

Jun. 30, 2015

Summary of Preliminary and Finalized Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary and finalized valuations of the Logitel assets and liabilities on the acquisition date. The estimates of fair values of the Logitel assets acquired and liabilities assumed by Teekay Offshore were finalized during the second quarter of 2015.

(in thousands of U.S. Dollars)	Preliminary Valuation					Final Valuation
	August 11, 2014		Adjustments			August 11, 2014
	$		$			$
ASSETS
Cash and cash equivalents		8,089		—			8,089
Prepaid expenses		640		—			640
Advances on newbuilding contracts		46,809		(2,239	)		44,570
Intangible assets		—		1,000			1,000
Total assets acquired		55,538		(1,239	)		54,299
LIABILITIES
Accrued liabilities		4,098		—			4,098
Long-term debt		26,270		1,330			27,600
Total liabilities assumed		30,368		1,330			31,698
Net assets acquired		25,170		(2,569	)		22,601
Cash consideration		4,000		—			4,000
Contingent consideration		21,170		(2,569	)		18,601

ALP Maritime Services B.V [Member]

Summary of Preliminary and Finalized Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the finalized estimates of fair values of the ALP assets acquired and liabilities assumed by Teekay Offshore on the acquisition date.

	As at
(in thousands of U.S. Dollars)	March 14, 2014
	$
ASSETS
Cash and cash equivalents		294
Other current assets		404
Advances on newbuilding contracts		164
Other assets – long-term		395
Goodwill		2,032
Total assets acquired		3,289
LIABILITIES
Current liabilities		387
Other long-term liabilities		286
Total liabilities assumed		673
Net assets acquired		2,616
Consideration		2,616