XML 89 R54.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Reporting - Segment Results as Presented in Consolidated Financial Statements (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Segment Reporting Information [Line Items]      
Revenues $ 1,268,000 $ 1,416,424 $ 1,110,284
Voyage expenses (129,910) (151,808) (99,444)
Vessel operating expenses (426,951) (437,671) (353,564)
Time-charter hire expenses (44,427) (52,616) (80,315)
General and administrative (76,245) (65,427) (62,249)
Restructuring charge 0 (1,520) (2,664)
Realized gain on foreign currency forward contracts (5,054) (1,228) 900
Adjusted EBITDA From Equity-Accounted Vessels 97,849 92,637 33,360
Adjusted EBITDA Attributable to Non-Controlling Interests (11,364) (16,270) (23,914)
Adjusted EBITDA 671,898 782,521 522,394
Equity income 32,794 39,458 14,442
Investment in joint ventures 234,627 212,202 169,875
Expenditures for vessels and equipment, including advances on newbuilding contracts and conversion costs(3) 201,439 233,736 533,260
Expenditures for dry docking 13,546 23,602 17,183
Operating Segments | FPSO Segment      
Segment Reporting Information [Line Items]      
Revenues 492,658 533,186 458,388
Voyage expenses 0 0 0
Vessel operating expenses (227,873) (214,623) (149,153)
Time-charter hire expenses 0 0 0
General and administrative (40,846) (34,052) (33,046)
Restructuring charge   (1,520) (450)
Realized gain on foreign currency forward contracts 0 0 0
Adjusted EBITDA From Equity-Accounted Vessels 97,849 92,637 33,360
Adjusted EBITDA Attributable to Non-Controlling Interests 0 0 0
Adjusted EBITDA 321,788 375,628 309,099
Equity income 32,794 39,458 14,442
Investment in joint ventures 234,627 212,202 169,875
Expenditures for vessels and equipment, including advances on newbuilding contracts and conversion costs(3) 8,284 54,371 193,817
Expenditures for dry docking 0 0 0
Operating Segments | Shuttle Tanker Segment      
Segment Reporting Information [Line Items]      
Revenues 549,587 636,413 536,852
Voyage expenses (86,519) (109,796) (80,964)
Vessel operating expenses (126,433) (149,226) (129,517)
Time-charter hire expenses (40,108) (36,421) (62,899)
General and administrative (20,788) (21,763) (17,425)
Restructuring charge   0 (210)
Realized gain on foreign currency forward contracts 0 0 0
Adjusted EBITDA From Equity-Accounted Vessels 0 0 0
Adjusted EBITDA Attributable to Non-Controlling Interests (10,864) (15,593) (23,035)
Adjusted EBITDA 264,875 303,614 222,802
Equity income 0 0 0
Investment in joint ventures 0 0 0
Expenditures for vessels and equipment, including advances on newbuilding contracts and conversion costs(3) 185,156 147,540 216,157
Expenditures for dry docking 11,902 22,135 16,323
Operating Segments | FSO Segment      
Segment Reporting Information [Line Items]      
Revenues 140,117 136,557 66,901
Voyage expenses (800) (769) (1,172)
Vessel operating expenses (42,597) (42,913) (25,241)
Time-charter hire expenses 0 0 0
General and administrative (4,006) (2,174) (1,864)
Restructuring charge   0 0
Realized gain on foreign currency forward contracts 0 0 0
Adjusted EBITDA From Equity-Accounted Vessels 0 0 0
Adjusted EBITDA Attributable to Non-Controlling Interests (500) (677) (879)
Adjusted EBITDA 92,214 90,024 37,745
Equity income 0 0 0
Investment in joint ventures 0 0 0
Expenditures for vessels and equipment, including advances on newbuilding contracts and conversion costs(3) 6,967 6,987 88,039
Expenditures for dry docking 0 0 199
Operating Segments | UMS Segment      
Segment Reporting Information [Line Items]      
Revenues 2,940 36,536 4,236
Voyage expenses (76) (47) (1,152)
Vessel operating expenses (1,216) (3,679) (33,656)
Time-charter hire expenses 0 0 0
General and administrative (6,100) (3,547) (5,068)
Restructuring charge   0 (2,004)
Realized gain on foreign currency forward contracts 0 0 0
Adjusted EBITDA From Equity-Accounted Vessels 0 0 0
Adjusted EBITDA Attributable to Non-Controlling Interests 0 0 0
Adjusted EBITDA (4,452) 29,263 (37,644)
Equity income 0 0 0
Investment in joint ventures 0 0 0
Expenditures for vessels and equipment, including advances on newbuilding contracts and conversion costs(3) 922 0 3,931
Expenditures for dry docking 0 0 0
Operating Segments | Towage Segment      
Segment Reporting Information [Line Items]      
Revenues 74,726 53,327 38,771
Voyage expenses (37,530) (28,925) (17,727)
Vessel operating expenses (28,832) (27,346) (21,074)
Time-charter hire expenses 0 0 (925)
General and administrative (4,401) (3,531) (4,486)
Restructuring charge   0 0
Realized gain on foreign currency forward contracts 0 0 0
Adjusted EBITDA From Equity-Accounted Vessels 0 0 0
Adjusted EBITDA Attributable to Non-Controlling Interests 0 0 0
Adjusted EBITDA 3,963 (6,475) (5,441)
Equity income 0 0 0
Investment in joint ventures 0 0 0
Expenditures for vessels and equipment, including advances on newbuilding contracts and conversion costs(3) 110 24,838 31,316
Expenditures for dry docking 1,644 1,467 661
Operating Segments | Conventional Tanker Segment      
Segment Reporting Information [Line Items]      
Revenues 7,972 21,325 14,022
Voyage expenses (4,985) (12,453) (359)
Vessel operating expenses 0 0 10
Time-charter hire expenses (4,319) (16,195) (16,491)
General and administrative (104) (360) (360)
Restructuring charge   0 0
Realized gain on foreign currency forward contracts 0 0 0
Adjusted EBITDA From Equity-Accounted Vessels 0 0 0
Adjusted EBITDA Attributable to Non-Controlling Interests 0 0 0
Adjusted EBITDA (1,436) (7,683) (3,178)
Equity income 0 0 0
Investment in joint ventures 0 0 0
Expenditures for vessels and equipment, including advances on newbuilding contracts and conversion costs(3) 0 0 0
Expenditures for dry docking 0 0 0
Eliminations      
Segment Reporting Information [Line Items]      
Revenues 0 (920) (8,886)
Voyage expenses 0 182 1,930
Vessel operating expenses 0 116 5,067
Time-charter hire expenses 0 0 0
General and administrative 0 0 0
Restructuring charge   0 0
Realized gain on foreign currency forward contracts (5,054) (1,228) 900
Adjusted EBITDA From Equity-Accounted Vessels 0 0 0
Adjusted EBITDA Attributable to Non-Controlling Interests 0 0 0
Adjusted EBITDA (5,054) (1,850) (989)
Equity income 0 0 0
Investment in joint ventures 0 0 0
Expenditures for vessels and equipment, including advances on newbuilding contracts and conversion costs(3) 0 0 0
Expenditures for dry docking $ 0 $ 0 $ 0