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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net income $ 44,475 $ 100,143 $ 17,656
Non-cash items:      
Unrealized (gain) loss on derivative instruments (note 12) (86,467) 51,072 180,156
Equity income, net of dividends received of $7,206 (2015 - $7,843, 2014 - $16,803) (10,727) 171 6,462
Depreciation and amortization 300,011 274,599 198,553
Write-down and (gain) on sale of vessels (note 19) 40,079 69,998 1,638
Deferred income tax expense (recovery) (note 13) 4,854 (23,007) 889
Amortization of in-process revenue contracts (note 6b) (12,779) (12,745) (12,744)
Unrealized foreign currency exchange loss (gain) and other 26,492 (101,853) (84,719)
Change in non-cash working capital items related to operating activities (note 15a) 74,218 25,903 (111,484)
Expenditures for dry docking (note 1) (26,342) (13,060) (36,221)
Net operating cash flow 353,814 371,221 160,186
FINANCING ACTIVITIES      
Proceeds from long-term debt (note 8) 456,697 785,577 1,350,096
Scheduled repayments of long-term debt (note 8) (434,339) (341,837) (804,704)
Prepayments of long-term debt (note 8) (197,776) (123,606) (418,625)
Debt issuance costs (12,095) (22,587) (15,555)
Equity contribution from joint venture partners 750 5,500 27,267
Proceeds from issuance of common units (notes 3 and 16) 135,246 9,674 186,353
Proceeds from issuance of preferred units and warrants (note 16) 100,000 375,000 0
Expenses relating to equity offerings (6,395) (4,459) (228)
Increase in restricted cash (notes 4, 12 and 14e) (54,389) (13,760) (46,760)
Cash distributions paid by the Partnership (78,634) (257,900) (214,656)
Cash distributions paid by subsidiaries to non-controlling interests (14,210) (23,575) (27,939)
Settlement of contingent consideration liability (note 4) 0 (3,303) 0
Indemnification from purchase of Voyageur LLC from Teekay Corporation (notes 11c and 15e) 0 0 6,181
Purchase of Teekay Knarr AS and Knarr L.L.C from Teekay Corporation (net of cash acquired) (2015 - $14.2 million) (notes 3 and 15e) 0 (112,710) 0
Other 0 1,124 974
Net financing cash flow (105,145) 273,138 42,404
INVESTING ACTIVITIES      
Net payments for vessels and equipment, including advances on newbuilding contracts and conversion costs (294,581) (664,667) (172,169)
Proceeds from sale of vessels and equipment 69,805 8,918 13,364
Investments in equity accounted joint ventures (54,873) (22,855) (12,413)
Repayments (advances) from (to) joint ventures (note 20) 0 5,225 (5,225)
Direct financing lease (investments) payments received (115) 4,987 5,097
Acquisition of ALP Maritime Services B.V. (net of cash acquired of $0.3 million) (note 18a) 0 0 (2,322)
Acquisition of Logitel Offshore Holding AS (net of cash acquired of $8.1 million) (note 18b) 0 0 4,090
Proceeds from sale of SPT Explorer L.L.C. and Navigator Spirit L.L.C. (notes 11e and 19) 0 30,368 0
Net investing cash flow (279,764) (638,024) (169,578)
(Decrease) increase in cash and cash equivalents (31,095) 6,335 33,012
Cash and cash equivalents, beginning of the year 258,473 252,138 219,126
Cash and cash equivalents, end of the year $ 227,378 $ 258,473 $ 252,138