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Revenue (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Revenue Table
The following tables contain the Company’s total revenue, excluding revenue of the Teekay Gas Business (see Note 23), for the years ended December 31, 2022, 2021 and 2020, by contract type, by segment and by business line within segments.
Year Ended December 31, 2022
Teekay Tankers Conventional TankersTeekay Parent Offshore ProductionTeekay Parent Marine Services & OtherTotal
$$$$
Time charters14,73814,738
Voyage charters1,039,2621,039,262
FPSO contracts
27,06427,064
Management fees and other
9,111100,009109,120
1,063,11127,064100,0091,190,184
Year Ended December 31, 2021
Teekay Tankers Conventional TankersTeekay Parent Offshore ProductionTeekay Parent Marine Services & OtherTotal
$$$$
Time charters46,1592,220 48,379
Voyage charters485,896— 485,896
FPSO contracts
47,895— 47,895
Management fees and other
10,31290,026 100,338
542,36747,89592,246 682,508
Year Ended December 31, 2020
Teekay Tankers Conventional TankersTeekay Parent Offshore ProductionTeekay Parent Marine Services & OtherTotal
$$$$
Time charters127,598— 17,152 144,750
Voyage charters741,804— — 741,804
FPSO contracts
108,952 — 108,952
Management fees and other
17,032— 133,717 150,749
886,434108,952 150,869 1,146,255
Breakdown of lease revenue and non-lease revenue
The following table contains the Company's total revenue, excluding revenue of the Teekay Gas Business (see Note 23), by those contracts or components of contracts accounted for as leases and by those contracts or components not accounted for as leases for the years ended December 31, 2022, 2021 and 2020:
Year Ended December 31,
202220212020
$
$
$
Lease revenue
Lease revenue from lease payments of operating leases1,054,000551,715945,713
Interest income on lease receivables293874
Variable lease payments – cost reimbursements (1)
27,06430,16243,701
Variable lease payments – other (2)
5,218
1,081,064582,170995,506
Non-lease revenue
Management fees and other income109,120100,338150,749
Total1,190,184682,5081,146,255
(1)Reimbursement for vessel operating expenditures, dry-docking expenditures and decommissioning expenditures received from the Company's customers relating to such costs incurred by the Company to operate the vessel for the customer or decommission an asset or location.
(2)Compensation from time charter contracts based on spot market rates in excess of a base daily hire amount, production tariffs based on the volume of oil produced, the price of oil, and other monthly or annual operational performance measures.
Direct Financing Lease, Lease Income
The following table lists the components of the net investment in the Company's sales-type lease, excluding such amounts of the Teekay Gas Business (see Note 23):
December 31, 2022December 31, 2021
$
$
Total minimum lease payments to be received11,824
Estimated unguaranteed residual value of leased property2,385
Total net investment in sales-type lease14,209
Less credit loss provision(2,200)
Total net investment in sales-type lease, net12,009
Less current portion(12,009)
Net investment in sales-type lease, net - non-current