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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES      
Net income (loss) $ 517,423 $ 189,360 $ (3,368)
(Loss) income from discontinued operations (note 21) 0 20,276 (274,095)
Income (loss) from continuing operations 517,423 209,636 (277,463)
Non-cash and non-operating items:      
Depreciation and amortization 97,551 99,033 106,084
(Gain) loss 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)
Loss on bond repurchase (note 7) 0 12,694 0
Other 22,503 5,089 33,470
Change in operating assets and liabilities (note 19) 6,339 (132,301) (63,414)
Net operating cash flow - continuing operations 633,456 172,288 (141,905)
Net operating cash flow - discontinued operations (note 21) 0 26,866 220,021
Net operating cash flow 633,456 199,154 78,116
FINANCING ACTIVITIES      
Issuance costs, net of proceeds from issuance of long-term debt (3,536) 0 221,167
Prepayments of long-term debt (1,000) (614,677) (135,000)
Scheduled repayments of long-term debt and settlement of related swaps (note 7) (21,184) (56,914) (11,229)
Proceeds from short-term debt 50,000 134,000 50,000
Prepayments of short-term debt (50,000) (159,000) (35,000)
Proceeds from financings related to sale-leaseback of vessels, net of issuance costs 0 288,108 140,226
Prepayments of obligations related to finance leases (364,201) 0 (184,115)
Scheduled repayments of obligations related to finance leases (34,113) (50,636) (23,873)
Sale of Common Stock of Subsidiaries 0 22,809 0
Purchase of Teekay Tankers common shares (note 12) (4,765) (5,269) (4,749)
Distributions from subsidiaries to non-controlling interests 42,732 0 0
Repurchase of Teekay Corporation common shares (note 11) (50,713) (15,369) 0
Other financing activities (1,806) 0 (1,046)
Net financing cash flow - continuing operations (524,050) (456,948) 16,381
Net financing cash flow - discontinued operations (note 21) 0 0 (242,037)
Net financing cash flow (524,050) (456,948) (225,656)
INVESTING ACTIVITIES      
Expenditures for vessels and equipment (10,198) (15,430) (21,447)
Proceeds from Sale, Maturity and Collection of Short-Term Investments 37,396 (210,000) 0
Proceeds from Sales of Business, Affiliate and Productive Assets 23,561 82,621 58,090
Proceeds from the sale of the Teekay Gas Business, net of cash sold ($178.0 million) (note 21) 0 454,789 0
Increase (Decrease) in Notes Receivable, Related Parties 3,900 (3,000) 1,500
Net Cash Provided by (Used in) Investing Activities, Continuing Operations 54,659 308,980 38,143
Cash Provided by (Used in) Investing Activities, Discontinued Operations 0 0 (30,973)
Net investing cash flow 54,659 308,980 7,170
Increase (decrease) in cash, cash equivalents and restricted cash 164,065 51,186 (140,370)
Cash, cash equivalents and restricted cash, beginning of the year 316,706 265,520 405,890
Cash, cash equivalents and restricted cash, end of the year $ 480,771 $ 316,706 $ 265,520