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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Revenue and Income from Vessel Operations by Segment
The following table includes the Company’s revenues and income (loss) from vessel operations by segment for the periods presented in these financial statements.
 
Revenues (1)(2)
 
Income (loss) from Vessel Operations (3)
 
Year Ended
December 31,
 
Year Ended
December 31,
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Teekay LNG
 
 
 
 
 
 
 
 
 
 
 
Liquefied Gas Carriers
478,439

 
385,683

 
336,530

 
169,918

 
188,676

 
174,600

Conventional Tankers
32,323

 
46,993

 
59,914

 
(21,319
)
 
(40,027
)
 
(21,419
)
 
510,762

 
432,676

 
396,444

 
148,599

 
148,649

 
153,181

 
 
 
 
 
 
 
 
 
 
 
 
Teekay Tankers
 
 
 
 
 
 
 
 
 
 
 
Conventional Tankers
755,763

 
431,178

 
550,543

 
7,204

 
1,416

 
96,752

 
 
 
 
 
 
 
 
 
 
 
 
Teekay Parent
 
 
 
 
 
 
 
 
 
 
 
Offshore Production
261,736


209,394

 
231,435

 
22,958

 
(256,758
)
 
(48,310
)
Conventional Tankers
—


5,065

 
32,967

 
—

 
(13,390
)
 
(15,967
)
Other
189,923


89,107

 
76,111

 
(14,442
)
 
(20,277
)
 
(32,219
)
 
451,659


303,566

 
340,513

 
8,516

 
(290,425
)
 
(96,496
)
 
 
 
 
 
 
 
 
 
 
 
 
Teekay Offshore (4)
—

 
796,711

 
1,152,390

 
—

 
147,060

 
230,853

 
 
 
 
 
 
 
 
 
 
 
 
Eliminations and other
(10,426
)
 
(83,799
)
 
(111,321
)
 
—

 
—

 
—

 
1,707,758

 
1,880,332

 
2,328,569

 
164,319

 
6,700

 
384,290

 
(1)
The comparative periods do not include the impact of the January 1, 2018 adoption of ASU 2014-09 (see Note 1).
(2)
Certain vessels are chartered between the Daughter Entities and Teekay Parent. The amounts in the table below represent revenue earned by each segment from other segments within the group. Such intersegment revenue for the years ended 2018, 2017 and 2016 are as follows:
 
Year Ended
December 31,
 
2018
 
2017
 
2016
Teekay LNG - Liquefied Gas Carriers
9,418

 
36,358

 
37,336

Teekay Tankers - Conventional Tankers
1,689

 
—

 
5,404

Teekay Offshore
—

 
34,232

 
49,514

 
11,107

 
70,590

 
92,254

(3)
Includes direct general and administrative expenses and indirect general and administrative expenses (allocated to each segment based on estimated use of corporate resources).
(4)
On September 25, 2017, the Company deconsolidated Teekay Offshore (see Note 4). The figures above include those of Teekay Offshore until the date of deconsolidation.
Revenues and Percentage of Consolidated Revenues
The following table presents revenues and percentage of consolidated revenues for customers that accounted for more than 10% of the Company’s consolidated revenues during the periods presented. All of these customers are international oil companies.
 
Year Ended
December 31,
 
Year Ended
December 31,
 
Year Ended
December 31,
(U.S. dollars in millions)
2018
 
2017
 
2016
Royal Dutch Shell Plc (1) (2)
(5) 
 
$259.4 or 14%
 
$429.9 or 19%
Petroleo Brasileiro SA (1) (3)
(5) 
 
(5) 
 
$223.7 or 10%
BP Plc (1) (4)
$195.0 or 11%
 
$183.0 or 10%
 
(5) 
(1)
On September 25, 2017, the Company deconsolidated Teekay Offshore (see Note 4). The figures above include those of Teekay Offshore until the date of deconsolidation.
(2)
Teekay Offshore Segment, Teekay LNG Segment — Liquefied Gas Carriers, Teekay Tankers Segment — Conventional Tankers, and Teekay Parent Segment — Conventional Tankers
(3)
Teekay Offshore Segment, and Teekay Tankers Segment — Conventional Tankers
(4)
Teekay Offshore Segment, Teekay LNG Segment — Liquefied Gas Carriers, Teekay Tankers Segment — Conventional Tankers, Teekay Parent Segment — Offshore Production, and Teekay Parent Segment — Conventional Tankers
(5)
Less than 10%.
Other Income Statement Items by Segment
The following table includes other income statement items by segment for the periods presented in these financial statements. 
 
Depreciation and Amortization
 
Write-down and loss on sale of vessels
 
Equity Income (Loss)
 
Year Ended
December 31,
 
Year Ended
December 31,
 
Year Ended
December 31,
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Teekay LNG
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liquefied Gas Carriers
(119,108
)
 
(95,025
)
 
(80,084
)
 
(33,000
)
 
—

 
—

 
53,546

 
9,789

 
62,307

Conventional Tankers
(5,270
)
 
(10,520
)
 
(15,458
)
 
(20,863
)
 
(50,600
)
 
(38,976
)
 
—

 
—

 
—

 
(124,378
)
 
(105,545
)
 
(95,542
)
 
(53,863
)
 
(50,600
)
 
(38,976
)
 
53,546

 
9,789

 
62,307

Teekay Tankers
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Conventional Tankers
(118,514
)
 
(100,481
)
 
(104,149
)
 
170

 
(12,984
)
 
(20,594
)
 
1,220

 
(25,370
)
 
7,680

Teekay Parent
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Offshore Production
(33,271
)
 
(60,560
)
 
(70,855
)
 
—

 
(205,659
)
 
(110
)
 
15,089

 
(7,861
)
 
(575
)
Conventional Tankers
—

 
—

 
(1,717
)
 
—

 
—

 
(12,487
)
 
(510
)
 
(20,677
)
 
132

Other
(144
)
 
163

 
449

 
—

 
—

 
—

 
(1,384
)
 
(2,792
)
 
(1,838
)
 
(33,415
)
 
(60,397
)
 
(72,123
)
 
—

 
(205,659
)
 
(12,597
)
 
13,195

 
(31,330
)
 
(2,281
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Teekay Offshore (1)
—

 
(219,406
)
 
(300,011
)
 
—

 
(1,500
)
 
(40,079
)
 
—

 
12,028

 
17,933

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Teekay Offshore (2)
—

 
—

 
—

 
—

 
—

 
—

 
(6,907
)
 
(2,461
)
 
—

Eliminations and other
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(276,307
)
 
(485,829
)
 
(571,825
)
 
(53,693
)
 
(270,743
)
 
(112,246
)
 
61,054

 
(37,344
)
 
85,639

(1)
On September 25, 2017, the Company deconsolidated Teekay Offshore (see Note 4). The figures above include those of Teekay Offshore until the date of deconsolidation.
(2)
Commencing on September 25, 2017, the Company accounts for its investment in Teekay Offshore using the equity method, and recognized an equity loss of $6.9 million for the year ended December 31, 2018 and an equity loss of $2.5 million for the post-deconsolidation period ended December 31, 2017.
Reconciliation of Total Segment Assets
A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets is as follows:
 
December 31, 2018
$
 
December 31, 2017
$
Teekay LNG – Liquefied Gas Carriers
5,162,756

 
4,624,321

Teekay LNG – Conventional Tankers
36,701

 
112,844

Teekay Tankers – Conventional Tankers
2,106,169

 
2,125,909

Teekay Parent – Offshore Production
311,550

 
366,229

Teekay Parent – Conventional Tankers
13,056

 
13,620

Teekay Parent – Other
25,224

 
26,527

Teekay Offshore
233,225

 
280,774

Cash and cash equivalents
424,169

 
445,452

Other assets not allocated
99,024

 
118,493

Eliminations
(20,204
)
 
(21,732
)
Consolidated total assets
8,391,670

 
8,092,437
Capital Expenditures by Segment
The following table includes capital expenditures by segment for the periods presented in these financial statements.
 
December 31, 2018
$
 
December 31, 2017
$
Teekay LNG – Liquefied Gas Carriers
687,841

 
708,608

Teekay LNG – Conventional Tankers
124

 
—

Teekay Tankers – Conventional Tankers
5,827

 
4,732

Teekay Parent – Other
—

 
7

Teekay Offshore
—

 
340,705

 
693,792

 
1,054,052