XML 40 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues (notes 2 and 13) $ 1,190,184 $ 682,508 $ 1,146,255
Voyage expenses (495,604) (315,113) (297,239)
Vessel operating expenses (275,139) (295,599) (411,553)
Time-charter hire expenses (note 13) (27,374) (15,440) (56,719)
Depreciation and amortization (99,033) (106,084) (131,379)
General and administrative expenses (57,552) (74,387) (64,153)
Gain on sale and (write-down) of assets (note 18) 21,863 (92,368) (149,238)
Asset retirement obligation extinguishment gain (note 6) 0 32,950 0
Gain on commencement of sales-type lease (note 2) 0 0 44,943
Restructuring charges (note 20) (11,579) (1,820) (10,720)
Income (loss) from vessel operations 245,766 (185,353) 70,197
Interest expense (38,580) (68,412) (89,075)
Interest income 6,689 169 1,439
Realized and unrealized gains (losses) on non-designated derivative instruments (note 15) 4,817 467 (2,523)
Equity income (loss) (note 22) 244 (14,107) 5,100
(Loss) gain on bond repurchases (12,694) 0 1,470
Other - net (note 14) 4,811 (15,190) (5,353)
Income (loss) from continuing operations before income taxes 211,053 (282,426) (18,745)
Income tax (expense) recovery (note 21) (1,417) 4,963 (5,559)
Income (loss) from continuing operations 209,636 (277,463) (24,304)
(Loss) income from discontinued operations (note 23) (20,276) 274,095 115,286
Net income (loss) 189,360 (3,368) 90,982
Net (income) loss attributable to non-controlling interests (note 1) (110,953) 11,174 (173,915)
Net income (loss) attributable to the shareholders of Teekay Corporation 78,407 7,806 (82,933)
Income (loss) from continuing operations (209,636) 277,463 24,304
Net (income) loss attributable to non-controlling interests, continuing operations (172,881) 174,792 (105,445)
Net income (loss) attributable to the shareholders of Teekay Corporation, continuing operations 36,755 (102,671) (129,749)
Net loss (income) attributable to non-controlling interests, discontinued operations 61,928 (163,618) (68,470)
Net income attributable to the shareholders of Teekay Corporation, discontinued operations 41,652 110,477 46,816
Net income (loss) attributable to the shareholders of Teekay Corporation $ 78,407 $ 7,806 $ (82,933)
Basic and Diluted (shares) 102,119,129 102,148,629 101,053,095
Common stock and common stock equivalents (shares) 104,415,597 102,148,629 101,053,095
Amounts attributable to the shareholders of Teekay Corporation      
•  Basic income (loss) from continuing operations attributable to shareholders of Teekay Corporation $ 0.36 $ (1.01) $ (1.28)
•  Basic income from discontinued operations attributable to shareholders of Teekay Corporation 0.41 1.08 0.46
•  Basic income (loss) 0.77 0.08 (0.82)
•  Diluted income (loss) from continuing operations attributable to shareholders of Teekay Corporation 0.35 (1.01) (1.28)
•  Diluted income from discontinued operations attributable to shareholders of Teekay Corporation 0.40 1.08 0.46
•  Diluted income (loss) $ 0.76 $ 0.08 $ (0.82)