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Revenue (Tables)
12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Revenue Table
The following tables contain the Company’s total revenue, excluding revenue of the Teekay Gas Business (see Note 23), for the years ended December 31, 2021, 2020 and 2019, by contract type, by segment and by business line within segments.
Year Ended December 31, 2021
Teekay Tankers Conventional TankersTeekay Parent Offshore ProductionTeekay Parent OtherTotal
$$$$
Time charters46,1592,22048,379
Voyage charters485,896485,896
FPSO contracts
47,89547,895
Management fees and other
10,31290,026100,338
542,36747,89592,246682,508
Year Ended December 31, 2020
Teekay Tankers Conventional TankersTeekay Parent Offshore ProductionTeekay Parent OtherTotal
$$$$
Time charters127,59817,152144,750
Voyage charters741,804741,804
FPSO contracts
108,952108,952
Management fees and other
17,032133,717150,749
886,434108,952150,8691,146,255
Year Ended December 31, 2019
Teekay Tankers Conventional TankersTeekay Parent Offshore ProductionTeekay Parent OtherTotal
$$$$
Time charters17,49522,06639,561
Voyage charters881,603881,603
FPSO contracts
210,816210,816
Management fees and other
42,840100,225143,065
941,938210,816122,2911,275,045
Direct Financing Lease, Lease Income
The following table lists the components of the net investment in the Company's sales-type lease:
December 31, 2021December 31, 2020
$
$
Total minimum lease payments to be received11,82413,158
Estimated unguaranteed residual value of leased property2,3858,000
Less unearned revenue(5,686)
Total net investment in sales-type lease14,20915,472
Less credit loss provision(2,200)(901)
Total net investment in sales-type lease, net12,00914,571
Less current portion(12,009)(857)
Net investment in sales-type lease, net - non-current13,714
Breakdown of lease revenue and non-lease revenue
The following table contains the Company's total revenue, excluding revenue of the Teekay Gas Business (see Note 23), by those contracts or components of contracts accounted for as leases and by those contracts or components not accounted for as leases for the years ended December 31, 2021, 2020 and 2019:
Year Ended December 31,
202120202019
$
$
$
Lease revenue
Lease revenue from lease payments of operating leases551,715945,7131,037,778
Interest income on lease receivables293874
Variable lease payments – cost reimbursements (1)
30,16243,70145,389
Variable lease payments – other (2)
5,21848,813
582,170995,5061,131,980
Non-lease revenue
Management fees and other income100,338150,749143,065
Total682,5081,146,2551,275,045
(1)Reimbursement for vessel operating expenditures and dry-docking expenditures received from the Company's customers relating to such costs incurred by the Company to operate the vessel for the customer.
(2)Compensation from time charter contracts based on spot market rates in excess of a base daily hire amount, production tariffs based on the volume of oil produced, the price of oil, and other monthly or annual operational performance measures.