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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES    
Net (loss) income $ (56,144) $ 58,743
Non-cash items:    
Depreciation and amortization 73,652 78,576
Loss on sale of vessels (note 13) 12,495 14,323
Unrealized loss (gain) on derivative instruments (note 8) 1,268 (3,021)
Equity loss (income) 27,174 (6,416)
Other 8,827 7,343
Change in operating assets and liabilities 6,118 37,562
Expenditures for dry docking (6,448) (6,477)
Net operating cash flow 66,942 180,633
FINANCING ACTIVITIES    
Proceeds from long-term debt, net of issuance costs 14,919 875,467
Repayments of long-term debt (82,054) (119,252)
Prepayments of long-term debt (222,302) (957,541)
Proceeds from financing related to sales and leaseback of vessels (note 7) 153,000 0
Scheduled repayments of capital lease obligations (note 7) (2,312) 0
Increase in restricted cash (2,672) 0
Return of capital to Teekay Corporation (note 3) 0 (15,000)
Cash dividends paid (15,302) (42,159)
Proceeds from issuance of Class A common stock (note 11) 5,000 0
Proceeds from equity offerings, net of offering costs (note 11) 8,565 0
Other (241) (744)
Net financing cash flow (143,399) (259,229)
INVESTING ACTIVITIES    
Proceeds from sale of vessels (note 13) 45,859 14,078
Expenditures for vessels and equipment (3,503) (6,728)
Loan repayments from equity accounted investment 550 2,500
Net investing cash flow 42,906 9,850
Decrease in cash and cash equivalents (33,551) (68,746)
Cash and cash equivalents, beginning of the period 94,157 156,520
Cash and cash equivalents, end of the period $ 60,606 $ 87,774