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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net (loss) income $ (33,764) $ 63,983
Non-cash items:    
Depreciation and amortization 49,324 52,688
Loss on sale of vessels (note 12) 4,569 6,420
Unrealized loss on derivative instruments 1,578 789
Equity loss (income) 26,900 (5,849)
Other 6,554 6,796
Change in operating assets and liabilities 12,157 (12,046)
Expenditures for dry docking (3,417) (2,810)
Net operating cash flow 63,901 109,971
FINANCING ACTIVITIES    
Proceeds from long-term debt, net of issuance costs 14,300 849,728
Repayments of long-term debt (57,894) (82,410)
Prepayments of long-term debt (69,216) (890,091)
Return of capital to Teekay Corporation (note 3) 0 (15,000)
Cash dividends paid (9,925) (32,782)
Proceeds from issuance of Class A common stock 5,000 0
Proceeds from equity offerings, net of offering costs (note 10) 8,565 0
Other (241) (746)
Net financing cash flow (109,411) (171,301)
INVESTING ACTIVITIES    
Proceeds from sale of vessels (note 12) 40,686 0
Expenditures for vessels and equipment (2,628) (3,937)
Loan repayments from equity accounted investment (note 5a) 550 2,500
Net investing cash flow 38,608 (1,437)
Decrease in cash and cash equivalents (6,902) (62,767)
Cash and cash equivalents, beginning of the period 94,157 156,520
Cash and cash equivalents, end of the period $ 87,255 $ 93,753