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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net loss $ (51,390) $ (496,833)
Non-cash and non-operating items:    
Depreciation and amortization 205,238 422,713
Unrealized gain on derivative instruments (note 15) (93,817) (94,532)
Write-down and loss on sales of vessels (note 7) 53,693 270,254
Loss on deconsolidation of Teekay Offshore (note 4) 7,070 103,188
Equity (income) loss, net of dividends received (28,382) 72,159
Income tax expense 17,197 11,767
Unrealized foreign currency exchange loss including the effect of the termination of cross-currency swaps 31,098 108,271
Other 13,912 13,144
Change in operating assets and liabilities (41,424) 67,855
Expenditures for dry docking (28,782) (38,704)
Net operating cash flow 84,413 439,282
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt, net of issuance costs 843,854 680,261
Prepayments of long-term debt (681,664) (314,029)
Scheduled repayments of long-term debt and settlement of related swaps (note 8) (265,868) (641,070)
Proceeds from financing related to sale-leaseback of vessels 526,692 488,830
Repayments of obligations related to capital leases (54,122) (29,723)
Net proceeds from equity issuances of subsidiaries 0 8,521
Net proceeds from equity issuances of Teekay Corporation (note 9) 103,657 0
Distributions paid from subsidiaries to non-controlling interests (49,124) (88,133)
Cash dividends paid (16,637) (14,235)
Other financing activities (595) 1,675
Net financing cash flow 406,193 92,097
INVESTING ACTIVITIES    
Expenditures for vessels and equipment (564,464) (694,507)
Proceeds from sale of vessels and equipment 0 67,440
Proceeds from sale of equity-accounted investment 54,438 0
Investment in equity-accounted investments (32,758) (109,580)
Advances to joint ventures and joint venture partners (24,957) (12,576)
Cash of transferred subsidiaries on sale, net of proceeds received (note 4) (25,254) (45,447)
Other investing activities 8,678 13,481
Net investing cash flow (584,317) (781,189)
Decrease in cash, cash equivalents and restricted cash (93,711) (249,810)
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning balance 552,174 805,242
Cash, cash equivalents, restricted cash and restricted cash equivalents, ending balance $ 458,463 $ 555,432