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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
Net loss $ (350,895) $ (123,945) $ (299,442)
Adjustments to reconcile net loss to net operating cash flow:      
Unrealized loss (gain) on derivative instruments (note 12) 50,956 (53,419) (59,702)
Equity income, net of dividends received of $17,655 (2018 - $6,200, 2017 - $11,600) (note 19) (15,139) (33,258) (2,842)
Depreciation and amortization 349,379 372,290 309,975
Write-down and (gain) on sale and of vessels (note 18) 332,125 223,355 318,078
Deferred income tax expense (recovery) (note 13) 3,161 18,606 (1,870)
Amortization of in-process revenue contract (note 6b) (15,062) (35,219) (12,745)
Expenditures for dry docking (31,142) 16,871 37,511
Other 12,416 (83,227) 33,506
Change in non-cash working capital items related to operating activities (note 15b) (15,890) (21,411) (17,269)
Net operating cash flow 319,909 280,643 305,200
FINANCING ACTIVITIES      
Proceeds from long-term debt (note 8) 492,517 734,698 1,205,477
Scheduled repayments of long-term debt and settlement of related swaps (notes 8 and 12) (410,429) (567,298) (652,898)
Prepayments of long-term debt and settlement of related swaps (notes 8 and 12) 0 (457,426) (702,115)
Financing issuance costs (23,755) (14,128) (17,268)
Proceeds from financing related to sales and leaseback of vessels 23,800 0 0
Equity contribution from joint venture partners 0 0 6,000
Proceeds from issuance of common units and warrants (note 16) 0 0 640,595
Proceeds from issuance of preferred units (note 16) 0 120,000 0
Repurchase of preferred units (note 16) 0 0 (250,022)
Expenses relating to equity offerings 0 (3,997) (12,155)
Proceeds from credit facility due to related parties (note 11j) 95,000 125,000 0
Prepayments of credit facility due to related parties (200,000) 0 0
Cash distributions paid by the Partnership (32,150) (46,675) (60,593)
Cash distributions paid by subsidiaries to non-controlling interests (3,636) (12,048) (9,891)
Cash contribution paid from non-controlling interest to subsidiaries 1,500 1,500 0
Other (865) (964) (4,183)
Net financing cash flow (58,018) (121,338) 142,947
INVESTING ACTIVITIES      
Net payments for vessels and equipment, including advances on newbuilding contracts and conversion costs (214,670) (233,736) (533,260)
Proceeds from sale of vessels and equipment (note 18) 33,341 30,049 13,100
Investments in equity accounted joint ventures (7,886) (3,000) (25,824)
Direct financing lease payments received 0 5,414 5,844
Acquisition of companies from Teekay Corporation (net of cash acquired of $26.6 million) (note 11l) 0 25,254 0
Net investing cash flow (189,215) (176,019) (540,140)
Increase (decrease) in cash, cash equivalents and restricted cash 72,676 (16,714) (91,993)
Cash, cash equivalents and restricted cash, beginning of the year 233,580 250,294 342,287
Cash, cash equivalents and restricted cash, end of the year $ 306,256 $ 233,580 $ 250,294