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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES      
Net (loss) income $ (299,442) $ 44,475 $ 100,143
Non-cash items:      
Unrealized (gain) loss on derivative instruments (note 12) (126,450) (86,467) 51,072
Equity income, net of dividends received of $11,600 (2016 - $7,206, 2015 - $7,843) (2,842) (10,727) 171
Depreciation and amortization 309,975 300,011 274,599
Write down and (gain) on sale of vessels (note 18) 318,078 40,079 69,998
Deferred income tax (recovery) expense (note 13) (1,870) 4,854 (23,007)
Amortization of in-process revenue contracts (note 6b) (12,745) (12,779) (12,745)
Unrealized foreign currency exchange loss and other 37,511 26,582 (101,618)
Change in non-cash working capital items related to operating activities (note 15a) 29,806 74,218 25,903
Expenditures for dry docking (note 1) (17,269) (26,342) (13,060)
Net operating cash flow 234,752 353,904 371,456
FINANCING ACTIVITIES      
Proceeds from long-term debt (note 8) 1,205,477 456,697 785,577
Scheduled repayments of long-term debt (note 8) (649,198) (434,339) (341,837)
Prepayments of long-term debt (note 8) (639,067) (197,776) (123,606)
Debt issuance costs (17,268) (12,095) (22,587)
Equity contribution from joint venture partners 6,000 750 5,500
Proceeds from issuance of common units and warrants (notes 3 and 16) 640,595 135,246 9,674
Proceeds from issuance of preferred units and warrants (note 16) 0 100,000 375,000
Repurchase of convertible preferred units (note 16) (250,022) 0 0
Expenses relating to equity offerings (12,155) (6,395) (4,459)
Decrease (increase) in restricted cash (notes 4 and 12) 86,549 (54,389) (13,760)
Cash distributions paid by the Partnership (60,593) (78,634) (257,900)
Cash distributions paid by subsidiaries to non-controlling interests (9,891) (14,210) (23,575)
Settlement of contingent consideration liability (note 4) 0 0 (3,303)
Purchase of Teekay Knarr AS and Knarr L.L.C. from Teekay Corporation (net of cash acquired in 2015 - $14.2 million) (notes 3 and 15e) 0 0 (112,710)
Other (483) (90) 889
Net financing cash flow 299,944 (105,235) 272,903
INVESTING ACTIVITIES      
Net payments for vessels and equipment, including advances on newbuilding contracts and conversion costs (533,260) (294,581) (664,667)
Proceeds from sale of vessels and equipment (note 18) 13,100 69,805 8,918
Investments in equity accounted joint ventures (25,824) (54,873) (22,855)
Repayments from joint ventures 0 0 5,225
Direct financing lease payments received (investments) 5,844 (115) 4,987
Proceeds from sale of SPT Explorer L.L.C. and Navigator Spirit L.L.C. (note 18) 0 0 30,368
Net investing cash flow (540,140) (279,764) (638,024)
(Decrease) increase in cash and cash equivalents (5,444) (31,095) 6,335
Cash and cash equivalents, beginning of the year 227,378 258,473 252,138
Cash and cash equivalents, end of the year $ 221,934 $ 227,378 $ 258,473