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Unaudited Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenues (note 3) $ 325,480,000 $ 482,805,000 $ 684,561,000 $ 1,056,859,000
Voyage expenses (78,128,000) (66,896,000) (154,353,000) (188,460,000)
Vessel operating expenses (130,567,000) (147,796,000) (259,004,000) (301,089,000)
Time-charter hire expenses (note 5) 8,005,000 17,714,000 19,126,000 44,770,000
Depreciation and amortization 59,244,000 62,936,000 117,830,000 135,853,000
General and administrative expenses (22,920,000) (23,668,000) (45,287,000) (41,945,000)
(Write-down) and gain (loss) on sale (note 13) (86,686,000) (10,669,000) (87,401,000) (105,275,000)
Asset retirement obligation extinguishment gain (note 7) 32,950,000 0 32,950,000 0
Gain on commencement of sales-type lease (note 3) 0 0 0 44,943,000
Restructuring charges (note 15) 0 4,622,000 303,000 7,010,000
(Loss) income from vessel operations (27,120,000) 148,504,000 34,207,000 277,400,000
Interest expense (48,694,000) (59,245,000) (97,633,000) (121,765,000)
Interest income 1,336,000 2,314,000 3,381,000 5,117,000
Realized and unrealized (losses) gains on non-designated derivative instruments (note 10) (3,389,000) (9,270,000) 3,932,000 (30,933,000)
Equity income (note 14 and 6b) 28,111,000 35,343,000 65,268,000 37,656,000
Foreign exchange (loss) gain (notes 9 and 10) (3,413,000) (8,922,000) 2,310,000 (2,276,000)
Other loss (note 7) (4,639,000) (399,000) (9,154,000) (1,080,000)
(Loss) income before income taxes (57,808,000) 108,325,000 2,311,000 164,119,000
Income tax recovery (note 12) (204,000) (17,175,000) (1,589,000) (13,383,000)
Net (loss) income (57,604,000) 125,500,000 3,900,000 177,502,000
Net loss (income) attributable to non-controlling interests 55,760,000 (103,777,000) 24,207,000 (205,584,000)
Net Income (Loss) Attributable to Parent, Total $ (1,844,000) $ 21,723,000 $ 28,107,000 $ (28,082,000)
•  Basic (loss) income attributable to shareholders of Teekay Corporation $ (0.02) $ 0.21 $ 0.28 $ (0.28)
•  Diluted (loss) income attributable to shareholders of Teekay Corporation $ (0.02) $ 0.21 $ 0.28 $ (0.28)
Weighted average number of common shares outstanding (note 18)        
Weighted Average Number of Shares Outstanding, Basic 101,330,151 101,107,362 101,248,493 100,997,456
Weighted Average Number of Shares Outstanding, Diluted 101,330,151 101,196,383 111,561,672 100,997,456