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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net income $ 61,466 $ 85,126
Non-cash items:    
Depreciation and amortization 52,688 30,468
Asset impairment (note 13) 6,420 0
Unrealized loss (gain) on derivative instruments 789 (3,852)
Equity income (8,554) (6,169)
Other 5,996 761
Change in operating assets and liabilities (12,402) (11,391)
Expenditures for dry docking (2,810) (4,030)
Net operating cash flow 103,593 90,913
FINANCING ACTIVITIES    
Proceeds from long-term debt, net of issuance costs 849,728 222,435
Repayments of long-term debt (82,410) (13,184)
Prepayment of long-term debt (890,091) (191,592)
Equity contribution from Teekay Corporation to Entities under Common Control (note 3) 0 1,015
Net advances to affiliates (note 3) 0 (2,076)
Cash dividends paid (32,782) (6,909)
Proceeds from equity offerings, net of offering costs 0 50,928
Net financing cash flow (155,555) 57,970
INVESTING ACTIVITIES    
Expenditures for vessels and equipment (3,937) (228,359)
Loan repayments from equity accounted investment 2,500 0
Return of capital from (investment in) Teekay Tanker Operations Ltd. (note 5c) 15,000 (239)
Net investing cash flow 13,563 (228,598)
Decrease in cash and cash equivalents (38,399) (79,715)
Cash and cash equivalents, beginning of the period 96,417 162,797
Cash and cash equivalents, end of the period 58,018 83,082
Entities Under Common Control [Member]    
FINANCING ACTIVITIES    
Repayments of long-term debt $ 0 $ (2,647)