XML 17 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of (Loss) Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Revenues (notes 2, 5, and 11) $ 1,416,424 $ 1,110,284 $ 1,152,390
Voyage expenses (note 2) (151,808) (99,444) (80,750)
Vessel operating expenses (notes 2 and 11) (437,671) (353,564) (364,441)
Time-charter hire expenses (52,616) (80,315) (75,485)
Depreciation and amortization (notes 1 and 2) (372,290) (309,975) (300,011)
General and administrative (notes 11 and 17) (65,427) (62,249) (56,122)
(Write down) and gain (loss) on sale of vessels (note 18) (223,355) (318,078) (40,079)
Restructuring charge (note 10) 1,520 2,664 4,649
Income (loss) from vessel operations 111,737 (116,005) 230,853
Interest expense (notes 8, 11 and 12) (199,395) (154,890) (140,611)
Interest income 3,598 2,707 1,257
Realized and unrealized gain (loss) on derivative instruments (note 12) 12,808 (42,853) (20,313)
Equity income (notes 2 and 19) 39,458 14,442 17,933
Foreign currency exchange loss (note 12) (9,413) (14,006) (14,805)
Losses on debt repurchases (notes 8 and 11h) (55,479) (3,102) 0
Other (expense) income - net (notes 3 and 14b) (4,602) 14,167 (21,031)
(Loss) income before income tax (expense) recovery (101,288) (299,540) 53,283
Income tax (expense) recovery (notes 2 and 13) (22,657) 98 (8,808)
Net (loss) income (123,945) (299,442) 44,475
Non-controlling interests in net (loss) income (7,161) 3,764 11,858
Preferred unitholders' interest in net (loss) income (note 16) 31,485 42,065 45,836
General Partner’s interest in net (loss) income (1,128) (5,770) (267)
Limited partners' interest in net (loss) income (147,141) (339,501) (12,952)
Limited partners' interest in net (loss) income for basic net (loss) income per common unit (note 16) $ (147,141) $ (320,749) $ (31,326)
Limited partners' interest in net (loss) income per common unit:      
- basic (USD per unit) $ (0.36) $ (1.45) $ (0.25)
- diluted (USD per unit) $ (0.36) $ (1.46) $ (0.25)
Weighted-average number of common units outstanding:      
- basic (in units) 410,261,239 220,755,937 124,747,207
- diluted (in units) 410,261,239 229,940,120 124,747,207
Cash distributions declared per unit (USD per unit) $ 0.04 $ 0.24 $ 0.44