XML 13 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net loss $ (49,627) $ (113,768)
Non-cash items:    
Depreciation and amortization 135,271 285,771
Unrealized gain on derivative instruments (35,515) (45,128)
Write-down and loss on sales of vessels (note 7) 51,492 18,669
Loss on deconsolidation of Teekay Offshore (note 4) 7,070 0
Equity (income) loss, net of dividends received (15,207) 65,915
Income tax expense 12,863 6,546
Unrealized foreign exchange loss and other 2,199 63,219
Change in operating assets and liabilities 14,325 16,508
Expenditures for dry docking (12,437) (18,639)
Net operating cash flow 110,434 279,093
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt, net of issuance costs 409,793 461,095
Prepayments of long-term debt (295,914) (132,920)
Scheduled repayments of long-term debt (note 8) (171,433) (451,072)
Proceeds from financings related to sale-leaseback of vessels 243,812 297,230
Repayments of obligations related to capital leases (28,819) (20,582)
Net proceeds from equity issuances of subsidiaries 0 8,521
Net proceeds from equity issuances of Teekay Corporation (note 9) 103,657 0
Distributions paid from subsidiaries to non-controlling interests (33,872) (63,803)
Cash dividends paid (11,036) (9,493)
Other financing activities (566) (650)
Net financing cash flow 215,622 88,326
INVESTING ACTIVITIES    
Expenditures for vessels and equipment (315,348) (365,903)
Proceeds from sale of vessels and equipment 0 59,935
Proceeds from sale of equity-accounted investment 54,438 0
Investment in equity-accounted investments (27,629) (31,680)
Advances to joint ventures and joint venture partners (24,971) (32,469)
Cash of transferred subsidiaries on sale, net of proceeds received (note 4) (25,254) 0
Other investing activities 5,560 12,214
Net investing cash flow (333,204) (357,903)
(Decrease) increase in cash, cash equivalents and restricted cash (7,148) 9,516
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning balance 552,174 805,242
Cash, cash equivalents, restricted cash and restricted cash equivalents, ending balance $ 545,026 $ 814,758