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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
Net income $ 405,460 $ 124,002 $ 35,480
Non-cash items:      
Depreciation and amortization 509,500 422,904 431,086
Amortization of in-process revenue contracts (note 6) (30,085) (40,939) (61,700)
Unrealized loss (gain) on derivative instruments 51,910 267,830 (113,344)
Gain on sale of vessels and equipment (1,466) (13,509) (1,995)
Asset impairments and loan loss provisions (note 18b) 71,641 2,238 168,353
Equity income, net of dividends received 3,203 (94,726) (121,144)
Income tax (recovery) expense (16,767) 10,173 2,872
Unrealized foreign exchange gain and other (142,416) (217,908) (39,003)
Change in operating assets and liabilities (note 17a) (12,291) 60,631 64,184
Expenditures for dry docking (68,380) (74,379) (72,205)
Net operating cash flow 770,309 446,317 292,584
FINANCING ACTIVITIES      
Proceeds from issuance of long-term debt, net of issuance costs (note 8) 2,452,878 3,365,045 2,451,828
Prepayments of long-term debt (554,831) (1,331,469) (1,017,818)
Scheduled repayments of long-term debt (1,040,292) (1,291,322) (695,688)
Repayments of capital lease obligations (4,423) (479,115) (10,315)
(Increase) decrease in restricted cash (21,005) 380,953 31,776
Net proceeds from equity issuances of subsidiaries (note 5) 575,368 452,061 446,893
Equity contribution by joint venture partner 5,500 27,267 4,934
Issuance of Common Stock upon exercise of stock options (note 12) 1,217 55,165 27,219
Distribution from subsidiaries to non-controlling interests (360,392) (360,820) (269,987)
Cash dividends paid (125,881) (91,004) (90,265)
Other financing activities (3,682)   (12,000)
Net financing cash flow 924,457 726,761 866,577
INVESTING ACTIVITIES      
Expenditures for vessels and equipment (1,795,901) (994,931) (753,755)
Proceeds from sale of vessels and equipment 20,472 180,638 47,704
Purchase of SPT (net of cash acquired of $377) (note 3c) (46,961)    
Purchase of ALP (net of cash acquired of $294) (note 3g)   (2,322)  
Purchase of Logitel (net of cash acquired of $8,089)(note 3d)   4,090  
Increase in restricted cash (34,290)    
Recovery (investment) in term loans (note 4)   4,814 (12,552)
Investment in equity-accounted investees (note 23) (40,595) (79,602) (157,762)
Loan repayments from (advances to) equity-accounted investees 53,173 (87,130) (14,466)
Investment in direct financing lease assets (note 9)     (307,950)
Direct financing lease payments received 20,824 22,856 17,289
Investment in cost accounted investment   (25,000)  
Other investing activities   (4,247) (2,500)
Net investing cash flow (1,823,278) (980,834) (1,183,992)
(Decrease) increase in cash and cash equivalents (128,512) 192,244 (24,831)
Cash and cash equivalents, beginning of the year 806,904 614,660 639,491
Cash and cash equivalents, end of the year $ 678,392 $ 806,904 $ 614,660