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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2019
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,
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Teekay LNG
 
 
 
 
 
 
 
 
 
 
 
Liquefied Gas Carriers
594,514

 
478,439

 
385,683

 
300,520

 
169,918

 
188,676

Conventional Tankers
6,742

 
32,323

 
46,993

 
(1,267
)
 
(21,319
)
 
(40,027
)
 
601,256

 
510,762

 
432,676

 
299,253

 
148,599

 
148,649

 
 
 
 
 
 
 
 
 
 
 
 
Teekay Tankers
 
 
 
 
 
 
 
 
 
 
 
Conventional Tankers
943,917

 
776,493

 
431,178

 
123,883


7,204

 
1,416

 
 
 
 
 
 
 
 
 
 
 
 
Teekay Parent
 
 
 
 
 
 
 
 
 
 
 
Offshore Production
210,816


261,736

 
209,394

 
(208,167
)
 
22,958

 
(256,758
)
Conventional Tankers
—


—

 
5,065

 
—

 
—

 
(13,390
)
Other
202,990


189,923

 
89,107

 
(10,927
)
 
(14,442
)
 
(20,277
)
 
413,806


451,659

 
303,566

 
(219,094
)
 
8,516

 
(290,425
)
 
 
 
 
 
 
 
 
 
 
 
 
Altera (4)
—

 
—

 
796,711

 
—

 
—

 
147,060

 
 
 
 
 
 
 
 
 
 
 
 
Eliminations and other
(13,588
)
 
(10,426
)
 
(83,799
)
 
—

 
—

 
—

 
1,945,391

 
1,728,488

 
1,880,332

 
204,042

 
164,319

 
6,700

 
(1)
The year ended December 31, 2017 does not include the impact of the January 1, 2018 adoption of ASU 2014-09.
(2)
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 2019, 2018 and 2017 are as follows:
 
Year Ended December 31,
 
2019
 
2018
 
2017
Teekay LNG – Liquefied Gas Carriers
11,562

 
9,418

 
36,358

Teekay Tankers – Conventional Tankers
1,979

 
1,689

 
—

Altera
—

 
—

 
34,232

 
13,541

 
11,107

 
70,590

(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 Altera (see Note 4). The figures above include those of Altera 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,
(U.S. dollars in millions)
2019
 
2018
 
2017
BP Plc (1) (2)
$227.6 or 12%
 
$195.0 or 11%
 
$183.0 or 10%
Royal Dutch Shell Plc (1) (3)
(4) 
 
(4) 
 
$259.4 or 14%
(1)
On September 25, 2017, the Company deconsolidated Altera (see Note 4). The figures above include those of Altera until the date of deconsolidation.
(2)
Altera Segment, Teekay LNG Segment — Liquefied Gas Carriers, Teekay Tankers Segment — Conventional Tankers, Teekay Parent Segment — Offshore Production, and Teekay Parent Segment — Conventional Tankers.
(3)
Altera Segment, Teekay LNG Segment – Liquefied Gas Carriers, Teekay Tankers Segment – Conventional Tankers, and Teekay Parent Segment – Conventional Tankers.
(4)
Less than 10%.
Other Income Statement Items by Segment
The following table includes capital expenditures by segment for the periods presented in these financial statements.
 
December 31, 2019
$
 
December 31, 2018
$
Teekay LNG – Liquefied Gas Carriers
96,357

 
687,841

Teekay LNG – Conventional Tankers
1,538

 
124

Teekay Tankers – Conventional Tankers
11,628

 
5,827

 
109,523

 
693,792

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,
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Teekay LNG
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liquefied Gas Carriers
(136,069
)
 
(119,108
)
 
(95,025
)
 
14,349

 
(33,000
)
 
—

 
58,819

 
53,546

 
9,789

Conventional Tankers
(696
)
 
(5,270
)
 
(10,520
)
 
(785
)
 
(20,863
)
 
(50,600
)
 
—

 
—

 
—

 
(136,765
)
 
(124,378
)
 
(105,545
)
 
13,564

 
(53,863
)
 
(50,600
)
 
58,819

 
53,546

 
9,789

Teekay Tankers
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Conventional Tankers
(124,002
)

(118,514
)
 
(100,481
)
 
(5,544
)

170

 
(12,984
)
 
2,345


1,220

 
(25,370
)
Teekay Parent
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Offshore Production
(29,710
)
 
(33,271
)
 
(60,560
)
 
(178,330
)
 
—

 
(205,659
)
 
—

 
15,089

 
(7,861
)
Conventional Tankers
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(510
)
 
(20,677
)
Other
(195
)
 
(144
)
 
163

 
—

 
—

 
—

 
127

 
(1,384
)
 
(2,792
)
 
(29,905
)
 
(33,415
)
 
(60,397
)
 
(178,330
)
 
—

 
(205,659
)
 
127

 
13,195

 
(31,330
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Altera (1)
—

 
—

 
(219,406
)
 
—

 
—

 
(1,500
)
 
—

 
—

 
12,028

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Altera (2)
—

 
—

 
—

 
—

 
—

 
—

 
(75,814
)
 
(6,907
)
 
(2,461
)
 
(290,672
)
 
(276,307
)
 
(485,829
)
 
(170,310
)
 
(53,693
)
 
(270,743
)
 
(14,523
)
 
61,054

 
(37,344
)
(1)
On September 25, 2017, the Company deconsolidated Altera (see Note 4). The figures above include those of Altera until the date of deconsolidation.
(2)
Commencing on September 25, 2017 and prior to its sale in May 2019, the Company accounted for its investment in Altera using the equity method, and recognized equity losses of $75.8 million and $6.9 million for the years ended December 31, 2019 and December 31, 2018, respectively, and an equity loss of $2.5 million for the post-deconsolidation period ended December 31, 2017. During the year ended December 31, 2019, the Company wrote-down the investment in Altera by $64.9 million and recognized a loss on sale of $8.9 million.
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, 2019
$
 
December 31, 2018
$
Teekay LNG – Liquefied Gas Carriers
5,249,465

 
5,188,088

Teekay LNG – Conventional Tankers
—

 
39,450

Teekay Tankers – Conventional Tankers
2,140,652

 
2,106,169

Teekay Parent – Offshore Production
161,096

 
311,550

Teekay Parent – Other
80,455

 
38,280

Altera
—

 
233,225

Cash and cash equivalents
353,241

 
424,169

Other assets not allocated
102,701

 
70,153

Eliminations
(14,746
)
 
(19,414
)
Consolidated total assets
8,072,864

 
8,391,670