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Segment Reporting
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting
The following tables include results for the Partnership’s FPSO unit segment; shuttle tanker segment; floating storage and off-take (or FSO) unit segment; UMS segment; towage segment; and conventional tanker segment for the periods presented in these consolidated financial statements.
Three Months ended June 30, 2016
FPSO Segment
 
Shuttle Tanker Segment
 
FSO
Segment
 
UMS Segment
 
Towage
Segment
 
Conventional Tanker Segment
 
Total
Revenues
124,715

 
125,840

 
13,789

 
3,736

 
11,730

 
4,654

 
284,464

Voyage expenses

 
(12,573
)
 
(124
)
 

 
(4,281
)
 
(610
)
 
(17,588
)
Vessel operating expenses
(41,365
)
 
(29,792
)
 
(6,195
)
 
(9,319
)
 
(3,924
)
 
(166
)
 
(90,761
)
Time-charter hire expenses

 
(14,764
)
 

 

 

 
(4,065
)
 
(18,829
)
Depreciation and amortization
(37,234
)
 
(30,089
)
 
(2,209
)
 
(1,695
)
 
(2,830
)
 

 
(74,057
)
General and administrative (1)
(8,217
)
 
(3,871
)
 
(144
)
 
(832
)
 
(757
)
 

 
(13,821
)
Write down of vessels

 

 

 
(43,650
)
 

 

 
(43,650
)
Restructuring charge
(1,487
)
 

 

 

 

 

 
(1,487
)
Income (loss) from vessel operations
36,412

 
34,751

 
5,117

 
(51,760
)
 
(62
)
 
(187
)
 
24,271

Three Months ended June 30, 2015
FPSO Segment
 
Shuttle Tanker Segment
 
FSO
Segment
 
UMS Segment
 
Towage
Segment
 
Conventional Tanker Segment
 
Total
Revenues
141,722

 
132,899

 
14,165

 
3,686

 
10,517

 
8,245

 
311,234

Voyage expenses

 
(18,976
)
 
(89
)
 

 
(1,004
)
 
(647
)
 
(20,716
)
Vessel operating expenses
(50,445
)
 
(31,120
)
 
(6,921
)
 
(1,126
)
 
(3,697
)
 
(1,514
)
 
(94,823
)
Time-charter hire expenses

 
(10,762
)
 

 

 

 

 
(10,762
)
Depreciation and amortization
(37,783
)
 
(26,795
)
 
(2,975
)
 
(401
)
 
(2,174
)
 
(1,675
)
 
(71,803
)
General and administrative (1)
(6,892
)
 
(6,788
)
 
(420
)
 
(639
)
 
(837
)
 
(507
)
 
(16,083
)
Write down of vessel

 

 

 
(500
)
 

 

 
(500
)
Restructuring charge

 
(135
)
 

 

 

 

 
(135
)
Income from vessel operations
46,602

 
38,323

 
3,760

 
1,020

 
2,805

 
3,902

 
96,412

Six Months ended June 30, 2016
FPSO Segment
 
Shuttle Tanker Segment
 
FSO
Segment
 
UMS Segment
 
Towage
Segment
 
Conventional Tanker Segment
 
Total
Revenues (2)
257,499

 
252,023

 
28,152

 
17,217

 
22,813

 
13,468

 
591,172

Voyage expenses

 
(26,511
)
 
(335
)
 

 
(7,799
)
 
(1,287
)
 
(35,932
)
Vessel operating expenses
(88,279
)
 
(58,673
)
 
(11,668
)
 
(17,245
)
 
(8,809
)
 
(1,439
)
 
(186,113
)
Time-charter hire expenses

 
(29,575
)
 

 

 

 
(4,576
)
 
(34,151
)
Depreciation and amortization
(74,818
)
 
(60,737
)
 
(4,381
)
 
(3,390
)
 
(5,653
)
 

 
(148,979
)
General and administrative (1)
(16,891
)
 
(7,828
)
 
(382
)
 
(1,526
)
 
(1,491
)
 
(172
)
 
(28,290
)
Write down of vessels

 

 

 
(43,650
)
 

 

 
(43,650
)
Restructuring charge
(1,487
)
 

 

 

 

 

 
(1,487
)
Income (loss) from vessel operations
76,024

 
68,699

 
11,386

 
(48,594
)
 
(939
)
 
5,994

 
112,570

Six Months ended June 30, 2015
FPSO Segment
 
Shuttle Tanker Segment
 
FSO
Segment
 
UMS Segment
 
Towage
Segment
 
Conventional Tanker Segment
 
Total
Revenues
239,997

 
270,989

 
28,651

 
3,686

 
16,587

 
16,307

 
576,217

Voyage expenses

 
(38,505
)
 
(221
)
 

 
(3,292
)
 
(1,215
)
 
(43,233
)
Vessel operating expenses
(87,211
)
 
(65,437
)
 
(13,280
)
 
(1,126
)
 
(4,448
)
 
(2,888
)
 
(174,390
)
Time-charter hire expenses

 
(17,083
)
 

 

 
(662
)
 

 
(17,745
)
Depreciation and amortization
(62,268
)
 
(55,162
)
 
(5,895
)
 
(401
)
 
(2,722
)
 
(3,349
)
 
(129,797
)
General and administrative (1)
(11,833
)
 
(15,187
)
 
(1,030
)
 
(1,146
)
 
(1,147
)
 
(759
)
 
(31,102
)
(Write down) and gain on sale of vessel

 
(13,853
)
 

 
(500
)
 

 

 
(14,353
)
Restructuring charge

 
(135
)
 

 

 

 

 
(135
)
Income from vessel operations
78,685

 
65,627

 
8,225

 
513

 
4,316

 
8,096

 
165,462

 
(1)
Includes direct general and administrative expenses and indirect general and administrative expenses (allocated to each segment based on estimated use of corporate resources).
(2)
Revenues includes a $4.0 million early termination fee received from Teekay Corporation during the six months ended June 30, 2016, which is included in the Partnership's conventional tanker segment (see notes 8f and 14).
A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets is as follows:
 
June 30, 2016
 
December 31, 2015
 
$
 
$
FPSO segment
2,710,632

 
2,717,193

Shuttle tanker segment
1,694,150

 
1,732,769

FSO segment
370,932

 
281,776

UMS segment
225,816

 
267,935

Towage segment
343,290

 
309,009

Conventional tanker segment
14,552

 
63,900

Unallocated:
 
 
 
Cash and cash equivalents and restricted cash
409,248

 
318,993

Other assets
13,667

 
52,591

Consolidated total assets
5,782,287

 
5,744,166