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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net loss $ (113,768) $ (125,504)
Non-cash items:    
Depreciation and amortization 285,771 285,236
Amortization of in-process revenue contracts (13,357) (14,432)
Unrealized (gain) loss on derivative instruments (45,128) 82,807
Loss on sale of vessels, equipment and other operating assets (note 6) 17,169 46,575
Asset impairments (note 6) 1,500 43,649
Equity loss (income), net of dividends received 65,915 (44,972)
Income tax expense 6,546 2,499
Unrealized foreign exchange loss and other 74,271 62,122
Change in operating assets and liabilities 21,461 (14,570)
Expenditures for dry docking (18,639) (15,905)
Net operating cash flow 281,741 307,505
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt, net of issuance costs 461,095 1,147,647
Prepayments of long-term debt (132,920) (1,068,937)
Scheduled repayments of long-term debt (note 7) (451,072) (496,034)
Decrease in restricted cash 20,723 34,681
Net proceeds from equity issuances of subsidiaries (note 4) 8,521 168,752
Net proceeds from equity issuance of Teekay Corporation 0 96,163
Distributions paid from subsidiaries to non-controlling interests (63,803) (62,403)
Cash dividends paid (9,493) (8,003)
Other financing activities (21,232) (9,233)
Net financing cash flow (188,181) (197,367)
INVESTING ACTIVITIES    
Expenditures for vessels and equipment (365,903) (269,109)
Proceeds from sale of vessels and equipment 59,935 149,582
Proceeds from sale-lease back of vessels 297,230 179,434
Investment in equity-accounted investments (31,680) (56,578)
Advances to joint ventures and joint venture partners (32,469) (13,536)
Other investing activities 12,214 11,385
Net investing cash flow (60,673) 1,178
Increase in cash and cash equivalents 32,887 111,316
Cash and cash equivalents, beginning of the period 567,994 678,392
Cash and cash equivalents, end of the period $ 600,881 $ 789,708