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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES      
Net (loss) income $ (58,023) $ 67,823 $ 183,626
Non-cash items:      
Depreciation and amortization 100,481 104,149 73,760
Loss (gain) on sale of vessels (note 19) 12,984 20,594 (771)
Unrealized gain on derivative instruments (note 10) (937) (9,679) (8,193)
Equity loss (income) (note 6) 25,370 (7,680) (11,528)
Other 8,093 10,063 3,034
Change in operating assets and liabilities (note 16) 5,741 30,004 1,655
Expenditures for dry docking (14,069) (8,608) (39,617)
Net operating cash flow 79,640 206,666 201,966
FINANCING ACTIVITIES      
Proceeds from long-term debt, net of issuance costs 232,825 906,149 688,695
Repayments of long-term debt (109,006) (162,092) (40,029)
Prepayment of long-term debt (443,796) (979,877) (191,592)
Proceeds from financing related to sale and leaseback (note 9) 153,000 0 0
Scheduled repayments of obligations related to capital leases (note 9) (4,090) 0 0
Net advances from affiliates (note 3) 0 0 (825)
Increase in restricted cash - long-term (2,672) 0 0
Return of capital to Teekay Corporation (note 3) 0 (15,000) 0
Acquisition of the Explorer Spirit and Navigator Spirit from Teekay Offshore Partners L.P. (note 3) 0 0 (31,870)
Cash dividends paid (20,679) (46,847) (15,139)
Proceeds from equity offerings, net of offering costs (note 4) 8,521 7,558 242,264
Proceeds from issuance of common stock, net of share issuance costs (note 4) 5,000 0 0
Other (241) (744) (1,122)
Net financing cash flow (181,138) (290,853) 647,678
INVESTING ACTIVITIES      
Proceeds from the sales of vessels and equipment (note 19) 52,131 27,550 11,080
Expenditures for vessels and equipment (4,732) (9,226) (236,229)
Net investing cash flow 78,780 21,824 (880,881)
Decrease in cash and cash equivalents (22,718) (62,363) (31,237)
Cash and cash equivalents, beginning of the year 94,157 156,520 187,757
Cash and cash equivalents, end of the year 71,439 94,157 156,520
Principal Maritime Tankers      
INVESTING ACTIVITIES      
Expenditures for vessels and equipment 0 0 (612,000)
Ship-to-Ship Transfer      
INVESTING ACTIVITIES      
Acquisition of SPT (note 21) 0 0 (45,581)
TIL      
INVESTING ACTIVITIES      
Cash acquired in TIL acquisition, net of transaction fees (note 22) 30,831 0 0
Entities Under Common Control      
FINANCING ACTIVITIES      
Repayments of long-term debt 0 0 (4,632)
Equity contribution from Teekay Corporation to Entities under Common Control (note 3) 0 0 1,928
High-Q Joint Venture      
INVESTING ACTIVITIES      
Acquisition 550 3,500 1,000
Teekay Tanker Operations Ltd      
INVESTING ACTIVITIES      
Acquisition 0 0 (239)
Gemini Tankers L.L.C.      
INVESTING ACTIVITIES      
Return of capital from equity accounted investments $ 0 $ 0 $ 1,088