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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES      
Net (loss) income $ (123,945) $ (299,442) $ 44,475
Non-cash items:      
Unrealized gain on derivative instruments (note 12) (53,419) (59,702) (44,128)
Equity income, net of dividends received of $6,200 (2017 - $11,600, 2016 - $7,206) (33,258) (2,842) (10,727)
Depreciation and amortization 372,290 309,975 300,011
Write down and (gain) loss on sale of vessels (note 18) 223,355 318,078 40,079
Deferred income tax expense (recovery) (note 13) 18,606 (1,870) 4,854
Amortization of in-process revenue contracts (note 6b) (35,219) (12,745) (12,779)
Other 16,871 37,511 26,812
Change in non-cash working capital items related to operating activities (note 15b) (83,227) 33,506 74,218
Expenditures for dry docking (note 1) (21,411) (17,269) (26,342)
Net operating cash flow 280,643 305,200 396,473
FINANCING ACTIVITIES      
Proceeds from long-term debt (note 8) 734,698 1,205,477 456,697
Scheduled repayments of long-term debt and settlement of related swaps (notes 8 and 12) (567,298) (652,898) (476,908)
Prepayments of long-term debt and settlement of related swaps (notes 8 and 12) (457,426) (702,115) (197,776)
Debt issuance costs (14,128) (17,268) (12,095)
Equity contribution from joint venture partners 0 6,000 750
Proceeds from issuance of common units and warrants (note 16) 0 640,595 135,246
Proceeds from issuance of preferred units and warrants (note 16) 120,000 0 100,000
Repurchase of preferred units (note 16) 0 (250,022) 0
Expenses relating to equity offerings (3,997) (12,155) (6,395)
Cash distributions paid by the Partnership (46,675) (60,593) (78,634)
Cash distributions paid by subsidiaries to non-controlling interests (12,048) (9,891) (14,210)
Cash contribution paid from non-controlling interest to subsidiaries 1,500 0 0
Proceeds from credit facility due to affiliates (note 11h) 125,000 0 0
Other (964) (4,183) (90)
Net financing cash flow (121,338) 142,947 (93,415)
INVESTING ACTIVITIES      
Net payments for vessels and equipment, including advances on newbuilding contracts and conversion costs (233,736) (533,260) (294,581)
Proceeds from sale of vessels and equipment (note 18) 30,049 13,100 69,805
Investments in equity accounted joint ventures (3,000) (25,824) (54,873)
Direct financing lease payments received (investments) 5,414 5,844 (115)
Acquisition of companies from Teekay Corporation (net of cash acquired of $26.6m) (note 11k) 25,254 0 0
Net investing cash flow (176,019) (540,140) (279,764)
(Decrease) increase in cash, cash equivalents and restricted cash (16,714) (91,993) 23,294
Cash, cash equivalents and restricted cash, beginning of the year 250,294 342,287 318,993
Cash, cash equivalents and restricted cash, end of the year $ 233,580 $ 250,294 $ 342,287