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Schedule I Condensed Non-Consolidated Financial Information of Registrant Schedule I Condensed Non-Consolidated Financial Information of Registrant (Tables)
 12 Months Ended
Dec. 31, 2020
Condensed Balance Sheet [Table Text Block]
TEEKAY CORPORATION
SCHEDULE I
CONDENSED NON-CONSOLIDATED FINANCIAL INFORMATION OF REGISTRANT
CONDENSED BALANCE SHEETS (NOTE 1)
(in thousands of U.S. dollars)
  As at
December 31, 2020
$		As at
December 31, 2019
$
ASSETS 
Current 
Cash and cash equivalents 9,604 49,655 
Accounts receivable 309 199 
Prepaid expenses and other57 — 
Due from affiliates166,219 249,197 
Total current assets 176,189 299,051 
Investments in and advances to subsidiaries (note 1)
 635,060 756,140 
Other assets 9 — 
Total assets 811,258 1,055,191 
LIABILITIES AND EQUITY 
Current 
Accounts payable 16,170 13,995 
Accrued liabilities 7,269 8,684 
Due to affiliates247,425 351,618 
Current portion of long-term debt— 36,674 
Other current liabilities 971 718 
Total current liabilities 271,835 411,689 
Long-term debt (note 2)
 339,933 349,977 
Other long-term liabilities 8,183 9,360 
Total liabilities 619,951 771,026 
Equity 
Common stock and additional paid-in capital 1,057,321 1,052,284 
Accumulated deficit (866,014)(768,119)
Total equity 191,307 284,165 
Total liabilities and equity 811,258 1,055,191 
The accompanying notes are an integral part of the condensed non-consolidated financial information.
Condensed Income Statement [Table Text Block]
TEEKAY CORPORATION
SCHEDULE I
CONDENSED NON-CONSOLIDATED FINANCIAL INFORMATION OF REGISTRANT
CONDENSED STATEMENTS OF LOSS (NOTE 1)
(in thousands of U.S. dollars)
  Year Ended
December 31,
2020
$		Year Ended
December 31,
2019
$		Year Ended
December 31,
2018
$
Revenues— — 345 
Voyage expenses— — 20 
Operating expenses— (412)(26)
General and administrative expenses(16,659)(19,463)(23,799)
Loss from operations(16,659)(19,875)(23,460)
Interest expense(37,674)(46,243)(60,166)
Interest income267 1,561 2,839 
Impairments of investments and advances (note 1)
(123,753)(103,420)(651,473)
Dividend income (note 1)
58,563 62,100 32,751 
Other20,572 (5,662)(6,008)
Net loss before income taxes(98,684)(111,539)(705,517)
Income tax recovery (expense)790 7 (208)
Net loss(97,894)(111,532)(705,725)

The accompanying notes are an integral part of the condensed non-consolidated financial information.
Condensed Cash Flow Statement [Table Text Block] e condensed non-consolidated financial information.
TEEKAY CORPORATION
SCHEDULE I
CONDENSED NON-CONSOLIDATED FINANCIAL INFORMATION OF REGISTRANT
CONDENSED STATEMENTS OF CASH FLOWS
(in thousands of U.S. dollars)
Year Ended
December 31,
2020
$		Year Ended
December 31,
2019
$		Year Ended
December 31,
2018
$
Cash and cash equivalents provided by (used for)
OPERATING ACTIVITIES
Net loss(97,894)(111,532)(705,725)
Non-cash and non-operating items:
Unrealized gain on derivative instruments(656)(270)(2,932)
Impairments of investments and advances123,753 103,420 651,473 
Stock-based compensation5,165 7,400 7,329 
Dividends-in-kind(31,763)(10,000)(10,000)
Other7,925 19,153 7,661 
Change in operating assets and liabilities8,508 (15,314)(36,296)
Net operating cash flow15,038 (7,143)(88,490)
FINANCING ACTIVITIES
Proceeds from issuance of long-term debt, net of issuance costs— 250,000 120,713 
Debt issuance costs— (15,029)— 
Scheduled repayments of long-term debt(36,712)(480,851)(85,654)
Prepayments of long-term debt(18,249)— — 
Advances from affiliates— 227,157 39,293 
Net proceeds from equity issuances— — 103,655 
Cash dividends paid— (5,523)(22,081)
Other financing activities(128)(637)(651)
Net financing cash flow (55,089)(24,883)155,275 
INVESTING ACTIVITIES
Investments in subsidiaries— — (7,109)
Other investing activities— — (45)
Net investing cash flow — — (7,154)
(Decrease) increase in cash and cash equivalents(40,051)(32,026)59,631 
Cash and cash equivalents, beginning of the year49,655 81,681 22,050 
Cash and cash equivalents, end of the year9,604 49,655 81,681 
Supplemental cash flow information (note 3)

The accompanying notes are an integral part of the condensed non-consolidated financial information.
Summary of Long-Term Debt
December 31, 2020
$		December 31, 2019
$
Revolving Credit Facilities 285,000 603,132 
Senior Notes (8.5%) due January 15, 2020
— 36,712 
Senior Notes (9.25%) due November 15, 2022
243,395 250,000 
Convertible Senior Notes (5%) due January 15, 2023
112,184 125,000 
Norwegian Krone-denominated Bonds due through September 2025355,514 347,163 
U.S. Dollar-denominated Term Loans due through 2030938,280 1,336,437 
Euro-denominated Term Loans due through 2024152,710 165,376 
Other U.S. Dollar-denominated loan— 3,300 
Total principal2,087,083 2,867,120 
Less unamortized discount and debt issuance costs(31,976)(39,968)
Total debt2,055,107 2,827,152 
Less current portion(261,366)(523,312)
Long-term portion1,793,741 2,303,840 
Teekay Corporation  
Summary of Long-Term Debt
December 31, 2020
$		December 31, 2019
$
Senior Notes (8.5%) due January 15, 2020
— 36,712 
Senior Notes (9.25%) due November 15, 2022
243,395 250,000 
Convertible Senior Notes (5%) due January 15, 2023
112,184 125,000 
Total principal355,579 411,712 
Less unamortized discount and debt issuance costs(15,646)(25,061)
Total debt339,933 386,651 
Less current portion— (36,674)
Long-term portion339,933 349,977