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Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues (notes 2 and 13) $ 1,464,975 $ 1,190,184 $ 682,508
Voyage expenses (474,371) (495,604) (315,113)
Vessel operating expenses (241,585) (275,139) (295,599)
Time-charter hire expenses (note 13) (70,836) (27,374) (15,440)
Depreciation and amortization (97,551) (99,033) (106,084)
General and administrative expenses (57,590) (57,552) (74,387)
Gain on sale and (write-down) of assets (note 14) 10,360 21,863 (92,368)
Asset retirement obligation extinguishment gain (note 6) 0 0 32,950
Restructuring charges (note 15) (1,677) (11,579) (1,820)
Income (loss) from vessel operations 531,725 245,766 (185,353)
Interest expense (28,009) (38,580) (68,412)
Interest income 24,128 6,689 169
Realized and unrealized gains on non-designated derivative instruments (note 9) 449 4,817 467
Equity income (loss) (note 4) 3,432 244 (14,107)
Loss on bond repurchases 0 (12,694) 0
Other - net (note 16) (2,140) 4,811 (15,190)
Income (loss) from continuing operations before income taxes 529,585 211,053 (282,426)
Income tax (expense) recovery (note 17) (12,162) (1,417) 4,963
Income (loss) from continuing operations 517,423 209,636 (277,463)
(Loss) income from discontinued operations (note 21) 0 (20,276) 274,095
Net income (loss) 517,423 189,360 (3,368)
Net (income) loss attributable to non-controlling interests (note 1) (366,782) (110,953) 11,174
Net income attributable to the shareholders of Teekay Corporation 150,641 78,407 7,806
Income (loss) from continuing operations (517,423) (209,636) 277,463
Net (income) loss attributable to non-controlling interests, continuing operations (366,782) (172,881) 174,792
Net income (loss) attributable to the shareholders of Teekay Corporation, continuing operations 150,641 36,755 (102,671)
Net loss (income) attributable to non-controlling interests, discontinued operations 0 61,928 (163,618)
Net income attributable to the shareholders of Teekay Corporation, discontinued operations 0 41,652 110,477
Net income attributable to the shareholders of Teekay Corporation $ 150,641 $ 78,407 $ 7,806
Basic and Diluted (shares) 94,484,659 102,119,129 102,148,629
Common stock and common stock equivalents (shares) 96,644,969 104,415,597 102,148,629
•  Diluted income $ 1.54 $ 0.76 $ 0.08
Amounts attributable to the shareholders of Teekay Corporation      
•  Basic income (loss) from continuing operations attributable to shareholders of Teekay Corporation 1.59 0.36 (1.01)
•  Basic income from discontinued operations attributable to shareholders of Teekay Corporation 0 0.41 1.08
•  Basic income 1.59 0.77 0.08
•  Diluted income (loss) from continuing operations attributable to shareholders of Teekay Corporation 1.54 0.35 (1.01)
•  Diluted income from discontinued operations attributable to shareholders of Teekay Corporation 0 0.40 1.08
•  Diluted income $ 1.54 $ 0.76 $ 0.08