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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 $ (496,833) $ (45,361)
Non-cash items:    
Depreciation and amortization 422,713 426,924
Amortization of in-process revenue contracts (22,307) (21,191)
Unrealized gains on derivative instruments (94,532) (10,847)
Loss on sale of vessels, equipment and other operating assets (note 7) 25,095 54,413
Asset impairments (note 7) 245,159 43,649
Equity loss (income), net of dividends received 72,159 (37,393)
Income tax expense 11,767 2,366
Unrealized foreign exchange loss and other 111,216 96,257
Deconsolidation loss (note 3) 103,188 0
Change in operating assets and liabilities 72,558 28,797
Expenditures for dry docking (38,704) (33,841)
Net operating cash flow 411,479 503,773
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt, net of issuance costs 680,261 1,568,348
Prepayments of long-term debt (314,029) (1,532,606)
Scheduled repayments of long-term debt (note 8) (615,337) (616,343)
Proceeds from financing related to sales and leaseback of vessels 153,000 0
Decrease in restricted cash 105,999 27,384
Net proceeds from equity issuances of subsidiaries (note 5) 8,521 190,007
Net proceeds from equity issuances of Teekay Corporation 0 101,900
Distributions paid from subsidiaries to non-controlling interests (88,133) (98,657)
Cash dividends paid (14,235) (12,667)
Other financing activities (24,348) (17,567)
Net financing cash flow (108,301) (390,201)
INVESTING ACTIVITIES    
Expenditures for vessels and equipment (694,507) (547,345)
Proceeds from sale of vessels and equipment 67,440 163,588
Proceeds from sale-leaseback of vessels 335,830 355,306
Investment in equity-accounted investments (109,580) (63,120)
Advances to joint ventures and joint venture partners (12,576) (12,259)
Cash of Teekay Offshore upon deconsolidation, net of proceeds received (17,977) 0
Other investing activities 13,481 17,162
Net investing cash flow (417,889) (86,668)
(Decrease) increase in cash and cash equivalents (114,711) 26,904
Cash and cash equivalents, beginning of the period 567,994 678,392
Cash and cash equivalents, end of the period $ 453,283 $ 705,296