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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net income (loss) $ 189,360 $ (3,368) $ 90,982
(Loss) income from discontinued operations (note 23) 20,276 (274,095) (115,286)
Income (loss) from continuing operations 209,636 (277,463) (24,304)
Non-cash and non-operating items:      
Depreciation and amortization 99,033 106,084 131,379
(Gain) loss 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)
Loss (gain) on bond repurchase (note 8) 12,694 0 (1,470)
Other 5,089 33,470 26,516
Change in operating assets and liabilities (note 17) (132,301) (63,414) 118,500
Net operating cash flow - continuing operations 172,288 (141,905) 354,916
Net operating cash flow - discontinued operations (note 23) 26,866 220,021 629,101
Net operating cash flow 199,154 78,116 984,017
FINANCING ACTIVITIES      
Proceeds from issuance of long-term debt, net of issuance costs 0 221,167 574,872
Prepayments of long-term debt (614,677) (135,000) (900,767)
Scheduled repayments of long-term debt and settlement of related swaps (note 8) (56,914) (11,229) (49,886)
Proceeds from short-term debt 134,000 50,000 235,000
Prepayments of short-term debt (159,000) (35,000) (275,000)
Proceeds from financings related to sale-leaseback of vessels, net of issuance costs 288,108 140,226 0
Prepayments of obligations related to finance leases 0 (184,115) (29,596)
Scheduled repayments of obligations related to finance leases (50,636) (23,873) (25,149)
Sale of Common Stock of Subsidiaries 22,809 0 0
Purchase of Teekay Tankers common shares (note 4) (5,269) (4,749) 0
Repurchase of Teekay Corporation common shares (note 12) (15,369) 0 0
Other financing activities 0 (1,046) (798)
Net financing cash flow - continuing operations (456,948) 16,381 (471,324)
Net financing cash flow - discontinued operations (note 23) 0 (242,037) (626,189)
Net financing cash flow (456,948) (225,656) (1,097,513)
INVESTING ACTIVITIES      
Expenditures for vessels and equipment (15,430) (21,447) (16,025)
Purchase of short term investments (note 1) (210,000) 0 0
Proceeds from sale of vessels and equipment (note 18) 82,621 58,090 60,915
Proceeds from the sale of the Teekay Gas Business, net of cash sold ($178.0 million) (note 23) 454,789   24,977
Increase (Decrease) in Notes Receivable, Related Parties (3,000) 1,500 4,650
Other investing activities 0 0 (9,983)
Net Cash Provided by (Used in) Investing Activities, Continuing Operations 308,980 38,143 64,534
Cash Provided by (Used in) Investing Activities, Discontinued Operations 0 (30,973) (1,473)
Net investing cash flow 308,980 7,170 63,061
Increase (decrease) in cash, cash equivalents, restricted cash and cash held for sale 51,186 (140,370) (50,435)
Cash, cash equivalents, restricted cash and cash held for sale, beginning of the year 265,520 405,890 456,325
Cash, cash equivalents, restricted cash and cash held for sale, end of the year $ 316,706 $ 265,520 $ 405,890