Teekay Corporation
(NYSE:TK)

Teekay Corporation operates as a marine energy transportation company. The company offers pool management, fuel services, oil and clean product STS transfers, LNG STS and terminal management, and tanker services. As of March 18, 2021, it operated 47 liquefied natural gas (LNG) carriers, 23 mid-size ...

Website: http://www.teekay.com

Founded: 1973

Full Time Employees: 5,500

Sector: Energy

Industry: Oil & Gas Midstream

Energy

Share this website to your friends

• Market Cap:

• Exchange:

• Shs Outstanding:

• Employees:

• Beta:

• Return on Equity (ROE) ttm:

• Return on Assets (ROA) ttm:

• EPS ttm:

• Book value per Share:

• Cash per Share:

• Current ast per Share:

• P/E ttm:

• P/E forward:

• P/E ttm high:

• P/E ttm low:

• P/S ttm:

• P/B ttm:

• P/FCF ttm:

• PEG ratio:

• Cash Ratio ttm:

• Quick Ratio ttm:

• Current Ratio ttm:

• Gross Mgn ttm:

• EBITDA Mgn ttm:

• Operating Mgn ttm:

• Net Income Mgn ttm:

• Trailing Div yield:

• Forward Div yield:

• Payout Ratio ttm:

• Ex-Dividend date:

• Target Price High:

• Target Price Low:

• Target Price Mean:

• Number of Analysts:

• Debt Ratio ttm:

• Debt to Equity ttm:

• Total Net Debt:

At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2025-06-30	2025-02-19	2024-12-31	2024-10-30	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-11-04	2021-09-30	2021-08-05	2021-06-30	2021-05-13	2021-03-31	2021-02-25	2020-12-31	2020-11-12	2020-09-30	2020-08-13	2020-06-30	2020-03-31	2020-02-27	2019-12-31	2019-11-14	2019-09-30	2019-08-01	2019-06-30	2019-05-23	2019-05-01	2019-03-31	2019-02-21	2018-12-31	2018-11-15	2018-09-30	2018-08-02	2018-06-30	2018-03-31	2018-02-22	2017-12-31	2017-12-01	2017-09-30	2017-06-30	2017-05-18	2017-03-31	2017-02-23	2016-12-31	2016-11-03	2016-09-30	2016-08-11	2016-08-04	2016-06-30	2016-05-19	2016-03-31	2016-02-18	2015-12-31	2015-11-05	2015-09-30	2015-08-06	2015-06-30	2015-05-14	2015-03-31	2015-02-19	2014-12-31	2014-11-06	2014-09-30	2014-08-07	2014-06-30	2014-05-15	2014-03-31	2014-02-20	2013-12-31	2013-11-07	2013-09-30	2013-09-23	2013-08-08	2013-06-30	2013-05-09	2013-03-31	2013-02-21	2012-12-31	2012-11-08	2012-09-30	2012-08-09	2012-06-30	2012-05-25	2012-03-31	2011-12-31	2011-12-16	2011-11-10	2011-09-30	2011-08-16	2011-06-30	2011-05-13	2011-03-31	2011-02-28	2010-12-31	2010-11-12	2010-09-30	2010-08-11	2010-06-30	2010-03-31	2010-03-05	2009-12-31	2009-09-30	2009-06-30	2008-12-31	2008-11-25	2008-06-30	2008-03-31	2007-09-30	2007-08-01	2007-06-30	2007-03-31	2006-09-30	2003-12-31	2001-12-31

revenues	463,333,000	256,566,000	256,566,000	272,619,000	272,619,000	326,139,000	365,050,000	339,192,000	311,682,000	395,400,000	418,701,000	393,479,000	303,199,000	280,786,000	212,720,000	-322,406,000	320,353,000	320,353,000	325,480,000	325,480,000	359,081,000	359,081,000	362,296,000	362,296,000	396,517,000	396,517,000	482,805,000	482,805,000	574,054,000	562,865,000	585,815,000	420,696,000	420,696,000	457,667,000	457,667,000	481,213,000	1,707,758,000	481,213,000	491,532,000	491,532,000	416,562,000	416,562,000	405,642,000	405,642,000	394,022,000	326,686,000			500,781,000	513,923,000	543,505,000	543,505,000	552,203,000	552,203,000	547,639,000	547,639,000	587,619,000	587,619,000	587,619,000	641,108,000	641,108,000	700,106,000	700,106,000	611,617,000	611,617,000	592,797,000	592,797,000	545,862,000	545,862,000	544,989,000	544,989,000	490,183,000	490,183,000	452,254,000	452,254,000	506,494,000	506,494,000	493,546,000	493,546,000	454,795,000	454,795,000	430,707,000	430,707,000	430,707,000	451,037,000	451,037,000	515,223,000	515,223,000	463,537,000	463,537,000	481,911,000	481,911,000	495,564,000	495,564,000	512,730,000	468,106,000	468,106,000	468,106	484,922,000	484,922,000	488,024	488,024,000	497,276,000	497,276,000	462,117,000	462,118,000	544,947,000,000	544,947,000	564,537,000	517,757,000	522,657,000	500,368,000	532,473,000		790,530,000	769,399,000	736,391,000	606,836,000	577,882,000	577,882,000	583,016,000
voyage expenses	-165,505,000	-94,934,000	-94,934,000	-93,984,000	-93,984,000	-100,097,000	-116,531,000	-118,828,000	-113,274,000	-118,082,000	-124,187,000	-131,989,000	-135,013,000	-126,980,000	-101,622,000	-75,204,000	-85,556,000	-85,556,000	-78,128,000	-78,128,000	-76,225,000	-76,225,000	-64,437,000	-64,437,000	-61,736,000	-61,736,000	-66,896,000	-66,896,000	-121,564,000	-107,455,000	-129,185,000	-92,689,000	-92,689,000	-98,680,000	-98,680,000	-103,123,000	-388,887,000	-103,123,000	-117,199,000	-117,199,000	-90,899,000	-90,899,000	-94,912,000	-94,912,000	-85,877,000	-24,438,000			-42,454,000	-40,640,000	-50,797,000	-50,797,000	-41,237,000	-41,237,000	-37,213,000	-37,213,000	-28,299,000	-28,299,000	-28,299,000	-31,590,000	-31,590,000	-36,292,000	-36,292,000	-29,935,000	-29,935,000	-23,890,000	-23,890,000	-25,670,000	-25,670,000	-25,213,000	-25,213,000	-34,183,000	-34,183,000	33,439,000	33,439,000	35,012,000	35,012,000	31,727,000	31,727,000	28,022,000	28,022,000	26,154,000	26,154,000	26,154,000	26,315,000	26,315,000	30,796,000	30,796,000	29,674,000	29,674,000	39,176,000	39,176,000	38,637,000	38,637,000	40,004,000	39,595,000	39,595,000	39,595	51,889,000	51,889,000	45,126	45,126,000	52,998,000	52,461,000	53,719,000	53,719,000	66,719,000,000	66,367,000	72,550,000	68,838,000	68,838,000	71,659,000	62,925,000		190,859,000	189,515,000	168,723,000	144,554,000	135,309,000	135,309,000	123,560,000	133,430,000
vessel operating expenses	-120,602,000	-63,854,000	-63,854,000	-64,963,000	-64,963,000	-63,767,000	-60,010,000	-61,184,000	-59,387,000	-60,092,000	-60,922,000	-63,351,000	-59,579,000	-80,268,000	-71,941,000	85,762,000	-122,357,000	-122,357,000	-130,567,000	-130,567,000	-128,437,000	-128,437,000	-144,951,000	-144,951,000	-153,764,000	-153,764,000	-147,796,000	-147,796,000	-153,293,000	-165,216,000	-165,216,000	-159,616,000	-159,616,000	-162,621,000	-162,621,000	-156,992,000	-637,474,000	-156,992,000	-162,268,000	-159,417,000	-157,585,000	-157,585,000	-162,537,000	-162,537,000	-157,935,000	-131,650,000			-200,456,000	-207,784,000	-191,260,000	-191,260,000	-199,352,000	-199,352,000	-204,156,000	-204,156,000	-205,655,000	-205,655,000	-205,655,000	-215,861,000	-215,861,000	-244,810,000	-244,810,000	-213,656,000	-213,656,000	-201,370,000	-201,370,000	-184,203,000	-184,203,000	-200,333,000	-200,333,000	-206,086,000	-206,086,000	201,714,000	201,714,000	201,186,000	201,186,000	205,131,000	205,131,000	217,579,000	217,579,000	195,978,000	195,978,000	195,978,000	187,464,000	187,464,000	207,981,000	207,981,000	182,581,000	182,581,000	172,356,000	172,356,000	167,201,000	167,201,000	169,021,000	172,372,000	172,372,000	172,372	174,717,000	174,717,000	161,577	161,577,000	165,650,000	165,650,000	159,570,000	159,570,000	150,792,000,000	150,792,000	154,535,000	164,218,000	164,818,000	147,442,000	140,529,000		158,948,000	159,470,000	145,443,000	120,008,000	108,851,000	108,851,000	97,441,000	52,939,000
charter hire expenses	-26,027,000
depreciation and amortization	-44,184,000	-24,446,000	-24,446,000	-23,445,000	-23,445,000	-22,373,000	-23,318,000	-24,627,000	-24,565,000	-24,384,000	-23,975,000	-24,459,000	-24,251,000	-25,243,000	-25,080,000	70,585,000	-58,839,000	-58,839,000	-59,244,000	-59,244,000	-58,586,000	-58,586,000	-60,926,000	-60,926,000	-64,352,000	-64,352,000	-62,936,000	-62,936,000	-72,917,000	-71,083,000	-71,083,000	-73,633,000	-73,633,000	-73,849,000	-73,849,000	-72,107,000	-276,307,000	-72,107,000	-71,069,000	-71,069,000	-69,967,000	-69,967,000	-67,960,000	-67,960,000	-67,311,000	-63,116,000			-136,942,000	-142,741,000	-143,030,000	-143,030,000	-144,901,000	-144,901,000	-141,688,000	-141,688,000	-141,079,000	-141,079,000	-141,079,000	-144,157,000	-144,157,000	-137,785,000	-137,785,000	-130,812,000	-130,812,000	-128,199,000	-128,199,000	-112,704,000	-112,704,000	-109,238,000	-109,238,000	-106,835,000	-106,835,000	103,373,000	103,373,000	103,458,000	103,458,000	109,709,000	109,709,000	109,114,000	109,114,000	109,769,000	109,769,000	109,769,000	102,494,000	102,494,000	113,460,000	113,460,000	112,756,000	112,756,000	115,068,000	115,068,000	114,614,000	114,614,000	110,590,000	107,746,000	107,746,000	107,746	105,236,000	105,236,000	105,038	105,038,000	112,047,000	112,047,000	109,194,000	109,194,000	111,234,000,000	111,234,000	108,230,000	114,975,000	115,320,000	107,111,000	108,192,000		106,700,000	106,700,000	97,707,000	87,058,000	68,095,000	68,095,000	79,263,000	49,849,000
general and administrative expenses	-30,558,000	-12,333,000	-12,333,000	-13,938,000	-13,938,000	-17,989,000	-16,798,000	-12,124,000	-13,824,000	-16,426,000	-15,216,000	-13,671,000	-13,655,000	-14,143,000	-16,083,000	-3,716,000	-25,384,000	-25,384,000	-22,920,000	-22,920,000	-22,367,000	-22,367,000	-19,210,000	-19,210,000	-18,073,000	-18,073,000	-23,668,000	-23,668,000	-18,277,000	-17,588,000	-17,588,000	-20,016,000	-20,016,000	-20,868,000	-20,868,000	-22,972,000	-96,555,000	-22,972,000	-26,751,000	-29,602,000	-19,050,000	-19,050,000	-23,720,000	-23,720,000	-24,183,000	-17,509,000			-27,662,000	-29,541,000	-31,438,000	-31,438,000	-26,999,000	-26,999,000	-30,052,000	-30,052,000	-29,871,000	-29,871,000		-32,967,000	-32,967,000	-32,478,000	-32,478,000	-29,022,000	-29,022,000																																																			70,882,000
gain on sale and write-down of assets	53,098,000	26,479,000										5,465,750	21,131,000
restructuring charges	-5,568,000			-5,632,000	-5,632,000					-58,000	-1,619,000	-3,811,000	-1,211,000	-1,960,000	-4,597,000	-1,517,000					-303,000	-303,000	-1,570,000	-1,570,000	-2,139,000	-2,139,000	-4,622,000	-4,622,000	-2,388,000	-1,636,000	-1,636,000	-414,000	-414,000	-1,369,000	-1,369,000	-8,621,000	-4,065,000	-8,621,000			-813,000	-813,000	-1,114,000	-1,114,000	-2,138,000	-42,000			-2,883,000		-2,176,000	-2,176,000	-3,890,000	-3,890,000	-3,117,000	-3,117,000	-5,818,000	-5,818,000		-13,986,000	-13,986,000	-1,639,000			-3,994,000			-9,126,000	-9,126,000	-6,766,000	-6,766,000	-2,665,000	-2,665,000	-244,000	-244,000	639,000	639,000	2,617,000	2,617,000	461,000	461,000	1,789,000	1,789,000	1,789,000	2,054,000	2,054,000	2,121,000	2,121,000	3,919,000	3,919,000	1,525,000	1,525,000				69,000	69,000	69	458,000	458,000	4,961	4,961,000	5,178,000	5,178,000	3,240,000		4,195,000,000			2,427,000
income from operations	123,987,000	70,334,000
yoy
qoq	76.28%
interest expense	-1,550,000	-798,000	-798,000	-844,000	-844,000	-1,003,000	-4,897,000	-4,215,000	-6,461,000	-5,956,000	-11,377,000	-9,762,000	-9,403,000	-9,413,000	-10,002,000	76,489,000	-47,268,000	-47,268,000	-48,694,000	-48,694,000	-48,939,000	-48,939,000	-50,707,000	-50,707,000	-53,175,000	-53,175,000	-59,245,000	-59,245,000	-62,520,000	-67,476,000	-67,476,000	-67,707,000	-67,707,000	-70,205,000	-70,205,000	-73,671,000	-254,126,000	-73,671,000	-72,632,000	-72,632,000	-67,343,000	-67,343,000	-59,526,000	-59,526,000	-54,625,000	-49,163,000			-74,499,000	-74,383,000	-70,355,000	-70,355,000	-69,018,000	-69,018,000	-68,490,000	-68,490,000	-73,255,000	-73,255,000	-73,255,000	-72,203,000	-72,203,000	-66,285,000	-66,285,000	-62,450,000	-62,450,000	-62,388,000	-62,388,000	-51,346,000	-51,346,000	-57,334,000	-57,334,000	-52,206,000	-52,206,000	-49,656,000	-49,656,000	-49,333,000	-49,333,000	-48,382,000	-48,382,000	-45,817,000	-45,817,000	-44,687,000	-44,687,000	-44,687,000	-42,510,000	-42,510,000	-40,956,000	-40,956,000	-41,652,000	-41,652,000	-42,707,000	-42,707,000	-42,300,000	-42,300,000	-37,645,000	-33,649,000	-33,649,000	-33,649	-33,516,000	-33,516,000	-32,794	-32,794,000	-35,177,000	-35,177,000	-34,852,000	-34,852,000	-33,926,000,000	-33,926,000	-32,152,000	-29,943,000	-29,943,000	-30,035,000	-37,280,000				-87,188,000	-81,008,000	-64,158,000	-64,158,000	-60,383,000	-40,572,000
interest income	17,371,000	8,452,000	8,452,000	9,958,000	9,958,000	9,773,000	9,035,000	7,122,000	6,652,000	4,766,000	5,588,000	3,916,000	1,753,000	723,000	297,000	-4,567,000	1,355,000	1,355,000	1,336,000	1,336,000	2,045,000	2,045,000	1,471,000	1,471,000	1,754,000	1,754,000	2,314,000	2,314,000	2,803,000	1,397,000	1,397,000	1,485,000	1,485,000	2,233,000	2,233,000	2,689,000	8,525,000	2,689,000	2,650,000	2,650,000	2,103,000	2,103,000	2,095,000	2,095,000	1,677,000	1,373,000			1,900,000	1,536,000	1,481,000	1,481,000	1,314,000	1,314,000	1,143,000	1,143,000	1,042,000	1,042,000	1,042,000	1,322,000	1,322,000	1,098,000	1,098,000	2,161,000	2,161,000	1,199,000	1,199,000	1,530,000	1,530,000	1,465,000	1,465,000	2,786,000	2,786,000	793,000	793,000	1,783,000	1,783,000	5,129,000	5,129,000	1,543,000	1,543,000	2,018,000	2,018,000	2,018,000	1,018,000	1,018,000	1,794,000	1,794,000	674,000	674,000	1,645,000	1,645,000	2,046,000	2,046,000	2,762,000	2,394,000	2,394,000	2,394	2,457,000	2,457,000	2,465	2,465,000	3,050,000	3,050,000	3,466,000	3,467,000	2,209,000,000	2,209,000	4,274,000	4,105,000	4,105,000	4,193,000	5,023,000		16,703,000	-2,149,000	18,359,000	23,071,000	23,390,000	23,390,000	16,168,000	14,262,000
equity income	889,000	615,000	615,000	-121,000	-121,000	905,000	1,368,000	516,000	666,000	1,120,000	1,130,000	1,708,000	221,000			-117,740,000	38,365,000	38,365,000	28,111,000	28,111,000	37,157,000	37,157,000	15,285,000	15,285,000	24,392,000	24,392,000	35,343,000	35,343,000	2,313,000	31,900,000	31,900,000	21,514,000	21,514,000	-6,284,000	-6,284,000	-61,653,000	61,054,000	-61,653,000	19,356,000	19,356,000	13,744,000	13,744,000	837,000	837,000	27,117,000	-971,000			1,264,000	-47,984,000	10,347,000	10,347,000	11,933,000	11,933,000	21,070,000	21,070,000	37,219,000	37,219,000	37,219,000	15,417,000	15,417,000	27,226,000	27,226,000	14,995,000	14,995,000	39,901,000	39,901,000	20,749,000	20,749,000	25,417,000	25,417,000	39,932,000	39,932,000	35,271,000	35,271,000	27,494,000	27,494,000	35,098,000	35,098,000	26,753,000	26,753,000	47,372,000	47,372,000	47,372,000	27,315,000	27,315,000	26,097,000	26,097,000	30,179,000	30,179,000	5,291,000	5,291,000	17,644,000	17,644,000
other - net	-4,609,000				1,378,000	2,121,000	-1,068,000			-645,000				-51,000																																														150,000		1,744,000																																																							-904,000	729,000		6,671,000	4,177,000	-1,120,000
income before income tax	136,088,000
income tax recovery	1,105,000	994,000					2,847,000							585,000	636,000				204,000	204,000	1,385,000	1,385,000					17,175,000	17,175,000																										-591,500	133,000	133,000						18,974,000						995,000	995,000									839,000	-927,750	662,000	662,000						13,028,000				1,849,000	1,849,000	3,568,000	3,568,000									2,458,000				5,147,000,000	5,147,000	7,307,000				4,598,000		10,160,000						4,082,000
net income	137,193,000	81,500,000	81,500,000	62,106,000	62,106,000	110,250,000	147,763,000	114,977,000	84,125,000	148,408,000	169,913,000	143,825,000	80,856,000	18,078,000	-53,399,000	-16,848,000	9,580,000	9,580,000	-57,604,000	-57,604,000	61,504,000	61,504,000	-45,132,000	-45,132,000	-41,388,000	-41,388,000	125,500,000	125,500,000	52,002,000	122,497,000	122,497,000	-175,908,000	-175,908,000	-34,111,000	-34,111,000	-61,464,000	-57,747,000	-61,464,000	-6,357,000	-6,357,000	-1,763,000	-1,763,000	-39,647,000	-39,647,000	-9,980,000	17,761,000			-383,065,000	-124,743,000	10,975,000	10,975,000	132,025,000	132,025,000	80,143,000	80,143,000	-86,304,000	-86,304,000	-86,304,000	-39,200,000	-39,200,000	162,988,000	162,988,000	-16,616,000	-16,616,000	215,236,000	215,236,000	43,852,000	43,852,000	2,503,000	2,503,000	87,824,000	87,824,000	-15,447,000	-15,447,000	49,122,000	49,122,000	-7,112,000	-7,112,000	-84,697,000	-84,697,000	87,534,000	87,534,000	87,534,000	39,755,000	39,755,000	-308,549,000	9,542,000	-10,469,000	-10,469,000	-42,347,000	-42,347,000	50,249,000	50,249,000	48,192,000	-342,311,000	-342,311,000	-342,311	-105,350,000	-105,350,000	12,745	12,745,000	177,614,000	177,613,000	-212,760,000	-212,760,000	-145,419,000,000	-145,419,000	13,931,000	56,762,000	77,259,000	-165,881,000	193,625,000		104,467,000	183,419,000	15,178,000	16,989,000	78,411,000	78,411,000	76,375,000	79,847,000
yoy	120.90%	-26.08%	-44.84%	-45.98%	-26.17%	-25.71%	-13.04%	-20.06%	4.04%	720.93%	-418.20%	-953.66%	744.01%	88.71%	-7.30%	-70.75%	-84.42%	-84.42%	27.63%	27.63%	-248.60%	-248.60%	-135.96%	-135.96%	-179.59%	-133.79%	2.45%	-171.34%	-129.56%	-459.11%	-459.11%	186.20%	204.62%	-44.50%	436.59%	866.87%	3175.50%	3386.33%	-83.97%	-83.97%	-82.33%	-109.93%			-97.39%	-114.24%			-390.15%	-194.48%	-86.31%	-86.31%	-252.98%	-252.98%	-192.86%	-304.45%	120.16%	-152.95%	-152.95%	135.92%	135.92%	-24.27%	-24.27%	-137.89%	-137.89%	8499.12%	8499.12%	-50.07%	-50.07%	-116.20%	-116.20%	78.79%	78.79%	117.20%	117.20%	-158.00%	-158.00%	-108.12%	-108.12%	-196.76%	-313.05%	120.18%	-128.37%	817.35%	-479.74%	-479.74%	628.62%	-122.53%	-120.83%	-120.83%	-187.87%	-87.63%	-114.68%	-14779.34%	-145.74%	224.93%	-2685945.43%	-102.69%	-159.31%	-159.31%	-100.01%	-105.99%	-100.12%	-222.14%	-1627.24%	-474.83%	-188322.73%	-12.34%	-92.81%		-26.04%	-190.44%	1175.70%		33.23%	133.92%	-80.13%	-78.72%
qoq	68.33%	0.00%	31.23%	0.00%	-43.67%	-25.39%	28.52%	36.67%	-43.32%	-12.66%	18.14%	77.88%	347.26%	-133.85%	216.95%	-275.87%	0.00%	-116.63%	0.00%	-193.66%	0.00%	-236.28%	0.00%	9.05%	0.00%	-132.98%	0.00%	141.34%	-57.55%	0.00%	-169.64%	0.00%	415.69%	0.00%	-44.50%	6.44%	-6.05%	866.87%	0.00%	260.58%	0.00%	-95.55%	0.00%	297.26%	-156.19%				207.08%	-1236.61%	0.00%	-91.69%	0.00%	64.74%	0.00%	-192.86%	0.00%	0.00%	120.16%	0.00%	-124.05%	0.00%	-1080.91%	0.00%	-107.72%	0.00%	390.82%	0.00%	1651.98%	0.00%	-97.15%	0.00%	-668.55%	0.00%	-131.45%	0.00%	-790.69%	0.00%	-91.60%	0.00%	-196.76%	0.00%	0.00%	120.18%	0.00%	-112.88%	-3333.59%	-191.15%	0.00%	-75.28%	0.00%	-184.27%	0.00%	4.27%	-114.08%	0.00%	99900.00%	-99.68%	0.00%	-826698.67%	-99.90%	-92.82%	0.00%	-183.48%	0.00%	-99.85%	99900.00%	-1143.85%	-75.46%	-26.53%	-146.57%	-185.67%			-43.04%	1108.45%	-10.66%	-78.33%	0.00%	2.67%	-4.35%
net income attributable to non-controlling interests	-103,603,000	-56,258,000	-56,258,000	-42,034,000	-42,034,000	-76,430,000	-93,127,000	-71,796,750	-57,967,000													-31,553,000						-103,777,000	-101,807,000				-22,270,000					-22,793,000
net income attributable to the shareholders of teekay corporation	33,590,000				20,072,000	33,820,000	54,636,000	35,382,000	26,158,000	40,338,000	48,763,000	39,104,000	33,133,000	5,282,000	888,000							29,951,000				-35,407,000		21,723,000	-49,805,000				-198,178,000		-39,485,000		-79,237,000	-84,257,000				-12,005,000		-28,324,000					-12,582,000
per common share attributable to the shareholders of teekay corporation
• basic income	390				220	360	590			430
• diluted income	390				210	350	570			410
weighted-average number of common shares outstanding
• basic	85,313,669,000				92,358,742,000	93,120,405,000	92,802,278,000			94,396,675,000				102,498,138,000				102,307,273,000		101,330,151,000		101,165,928,000						101,107,362,000																					86,261,330,000			86,183,831,000				84,887,101,000			72,945,635,000		72,742,426,000				72,706,285,000		72,697,121,000		72,549,068,000				72,393,072,000		72,036,526,000		71,328,577,000				70,755,282,000	70,393,531,000		70,393,531,000		69,888,279,000				69,372,220,000				68,855,860,000	-508,268,000	69,375,036,000				70,935,484,000		71,946,997,000				72,982,870,000		72,961,471,000	72,788,591,000		13,923,000	72,553,809,000	72,535,899,000			72,377,684,000	72,644,397,000
• diluted	86,251,709,000				94,243,994,000	95,194,414,000	95,034,041,000			96,754,345,000				104,651,667,000				102,307,273,000		101,330,151,000		111,439,150,000						101,196,383,000																					86,261,330,000			86,183,831,000				84,973,745,000			72,945,635,000		72,742,426,000				72,706,285,000		73,477,680,000		72,549,068,000				73,736,393,000		72,036,526,000		71,328,577,000				70,755,282,000	71,314,629,000		71,314,629,000		69,888,279,000				69,372,220,000				70,146,586,000	-508,268,000	69,375,036,000				70,935,484,000		71,946,997,000				72,982,870,000		72,961,471,000	72,788,591,000		182,273,000	72,553,809,000	72,798,023,000			73,279,213,000	73,435,167,000
the accompanying notes are an integral part of the unaudited consolidated financial statements.
time-charter hire expenses		-17,144,000	-14,412,750	-18,465,000	-18,465,000	-19,670,000	-19,516,000	-19,822,000	-19,378,000	-18,691,000	-12,945,000	-8,035,000	-7,236,000	-6,553,000	-5,550,000	12,221,000	-8,535,000	-8,535,000	-8,005,000	-8,005,000		-11,121,000				-18,796,000		-17,714,000	-27,056,000				-28,932,000		-28,817,000			-29,838,000														-38,772,000				-33,810,000			-38,314,000
other – net		1,903,000	607,750	1,378,000							-2,566,000																																																				-44,500	-164,000																																																							9,050,000
net income attributable to the shareholders of teekay corporation ltd.		25,242,000	27,132,000	20,072,000
earnings per common share of teekay corporation ltd.
–basic		290	292.5	220				302.5	280		490
–diluted		280	285	210				292.5	270		480
gain on sale of assets			2,900,250				11,601,000
income from vessel operations			73,728,250	52,192,000	52,192,000	102,243,000	140,478,000	112,967,000	81,254,000	157,667,000	179,837,000	148,163,000	83,385,000	26,792,000		-238,545,000	18,985,000	18,985,000	-27,120,000	-27,120,000	61,327,000	61,327,000	25,795,000	25,795,000	11,384,000	11,384,000	148,504,000	148,504,000	128,896,000	177,516,000	178,736,000	-130,389,000	-130,389,000	71,463,000	71,463,000	84,232,000	164,319,000	84,232,000	88,811,000	88,811,000	55,082,000	55,082,000	1,921,000	1,921,000	18,505,000	66,655,000			-189,846,000	48,286,000	81,605,000	81,605,000	83,222,000	83,222,000	89,765,000	89,765,000	75,978,000	75,978,000	75,978,000	135,325,000	135,325,000	151,013,000	151,013,000	161,177,000	161,177,000	175,517,000	175,517,000	137,425,000	137,425,000	147,454,000	147,454,000	88,389,000	88,389,000	79,449,000	79,449,000	111,867,000	111,867,000	498,000	498,000	-29,919,000	-29,919,000	29,377,000	29,377,000	29,377,000	62,790,000	62,790,000	-344,997,000	-344,997,000	48,398,000	48,398,000	68,249,000	68,249,000	77,957,000	77,957,000	97,879,000	-76,371,000	-76,371,000	-76,371	42,123,000	42,123,000	34,480	34,480,000	30,813,000	31,350,000	3,123,000	3,123,000	93,623,000,000	93,975,000	105,675,000	7,972,000	10,851,000	24,583,000	57,761,000		119,730,000	98,458,000	110,922,000	80,620,000	117,635,000	117,635,000	125,454,000	105,035,000
income tax (expense) recovery			-349,750	-457,000							-2,601,000					44,750	-1,410,000							2,420,250	-3,702,000																												-22,102,000				-1,423,000	-1,423,000		-1,076,000						-752,000				-1,071,000	-2,275,500	-3,111,000				-2,798,000							-1,873,000		-2,500,000			344,500	-4,039,000								-1,487,000	-1,487	-2,022,000		-811			970,500	-8,571,000					-6,715,000									-287,000
income before income taxes					62,563,000	114,039,000												10,990,000		-57,808,000		60,119,000				-37,686,000		108,325,000	55,794,000				-172,817,000		-30,707,000		-38,023,000	-56,428,000				2,571,000		-30,901,000					-377,844,000
income tax					-457,000					-9,091,000								-1,410,000								-3,702,000																							-5,221,000										-1,423,000		-1,076,000						-752,000						-3,111,000									-1,873,000		-1,873,000		-2,500,000				-4,039,000					31,000	-1,487,000				-2,022,000		-811,000				-8,572,000					-10,715,000	-10,904,000
realized and unrealized loss on derivative instruments																																																																				-83,386,000																				-31,233,000	-35,149,000								-219,570,000	-219,570
income tax expense						-3,789,000																	-18,669,000						-3,792,000	-12,731,000	-13,951,000	-3,091,000	-3,091,000	-3,404,000	-3,404,000	-5,036,000	-19,724,000	-5,036,000	-6,727,000	-2,527,000	-4,334,000	-4,334,000	-8,746,000	-8,746,000	-4,117,000	-465,000				-3,527,000	-3,019,000	-3,019,000											-551,750	-2,450,000	-2,450,000									-3,193,000	-3,193,000		-2,798,000
net income before income taxes							144,916,000																																													13,994,000				80,010,000			-84,881,000		-38,124,000				-14,166,000		215,988,000		42,857,000				90,935,000		-12,254,000		51,920,000				-85,359,000	89,407,000		89,407,000		42,255,000				-6,430,000		-44,196,000		46,681,000	48,161,000	-340,824,000				-103,328,000		13,556,000				-204,188,000		-150,566,000	6,624,000		87,974,000	-154,977,000
realized and unrealized gains on derivative instruments								112,250		547,000	-98,000																																								-6,475,000
loss on bond repurchases												-3,173,500	-86,000	-198,000	-12,410,000
income tax recovery (expense) and other – net								-3,222,250	2,014,000			1,043,750	3,288,000
net income from continuing operations								100,611,500	84,125,000		169,913,000	16,452,750	80,856,000
loss from discontinued operations
amounts attributable to the shareholders of teekay corporation
income from continuing operations								114,977,000	84,125,000	148,408,000	169,913,000	143,825,000	80,856,000	18,078,000
net income attributable to non-controlling interests, continuing operations								-71,796,750	-57,967,000	-108,070,000	-121,150,000
net income attributable to the shareholders of teekay corporation, continuing operations								35,382,000	26,158,000	40,338,000	48,763,000	39,104,000	33,133,000
net loss attributable to non-controlling interests, discontinued operations															61,928,000
net income attributable to the shareholders of teekay corporation,
discontinued operations												10,413,000
earnings per common share of teekay corporation, continuing operations
earnings per common share of teekay corporation, discontinued operations
earnings per common share of teekay corporation
income from continuing operations before income taxes										157,499,000				17,493,000
net loss attributable to non-controlling interests										-108,070,000	-121,150,000	-104,721,000	-47,723,000	-12,796,000	54,287,000	-540,000	-12,493,000	-12,493,000	55,760,000	55,760,000
net income attributable to the shareholders of teekaycorporation, discontinued operations
• basic income from continuing operations attributable to shareholders of teekay corporation										430
• basic income from discontinued operations attributable to shareholders of teekay corporation
• diluted income from continuing operations attributable to shareholders of teekay corporation										410
• diluted income from discontinued operations attributable to shareholders of teekay corporation
write-down of assets															-421,000
asset retirement obligation extinguishment gain																			32,950,000	32,950,000
realized and unrealized gains on non-designated derivative instruments												581,000	1,698,000	571,000	1,967,000			-181,000		-3,389,000																	-14,852,000
income from discontinued operations															-20,276,000
net loss attributable to non-controlling interests, continuing operations												-104,721,000	-47,723,000		-7,641,000
earnings per common share of teekay corporation, continuing operations - basic and diluted												-5	320
earnings per common share of teekay corporation, discontinued operations - basic and diluted												102.5
earnings per common share of teekay corporation - basic and diluted												95	320
gain on sale and														1,153,000
equity loss														-931,000	-754,000
net loss attributable to non-controlling interests,continuing operations														-12,796,000
net income attributable to the shareholders of teekaycorporation, continuing operations														5,282,000
• basic and diluted income from continuing operations attributable to shareholders of teekay corporation														50
• basic and diluted income from discontinued operations attributable to shareholders of teekay corporation															410
• basic and diluted income														50	10
loss from vessel operations															-12,574,000
other loss															-283,000			-800,000		-4,639,000		-4,515,000				-14,627,000		-399,000					-1,424,000				-2,013,000					-2,400,000																	-21,436,000
loss from continuing operations before income taxes															-33,759,000
loss from continuing operations															-33,123,000
net loss attributable to the shareholders of teekay corporation, continuing operations															-40,764,000
net income attributable to the shareholders of teekay corporation, discontinued operations															41,652,000
• basic and diluted loss from continuing operations attributable to shareholders of teekay corporation															-400
• basic and diluted															102,347,141,000											101,107,371,000			100,887,551,000				100,784,683,000		100,783,496,000			100,520,421,000				100,435,045,000		100,434,512,000
(write-down) and gain on sale																-22,024,500	-697,000		-86,686,000
gain on commencement of sales-type lease																													44,943,000
realized and unrealized gains on
non-designated derivative instruments																937,750	-181,000		-3,389,000		7,321,000		-3,453,000							4,592,000	-4,577,750	-1,924,000		-10,964,000		-5,423,000			-32,833,000	4,495,250	-2,168,000		10,723,000		9,426,000	4,319,000
foreign exchange gain																711,000	534,000	534,000	-3,413,000	-3,413,000	5,723,000	5,723,000		-12,499,000	-5,943,000	-5,943,000	-8,922,000		6,646,000	-10,721,000	-10,721,000	5,628,000	5,628,000	-5,851,000	-5,851,000	-2,630,000	6,140,000	-2,630,000	-5,764,000	-9,964,000	3,553,000	3,553,000	12,529,000	12,529,000	22,000	-3,575,000			-2,642,000		-2,904,000		13,007,000	13,007,000	6,116,000	6,116,000	-15,157,000	-15,157,000	-15,157,000	-10,514,000	-10,514,000	2,117,000	2,117,000	-20,218,000	-20,218,000	-1,604,000	-1,604,000	17,510,000	17,510,000	-3,126,000	-3,126,000	19,497,000	19,497,000	-2,046,000	-2,046,000	-894,000	-894,000		-4,334,000	-11,837,000		678,000	678,000	678,000	2,191,000	2,191,000	-6,405,000	-6,405,000	-8,504,000	-8,504,000	17,835,000	17,835,000	-15,824,000		13,921,000	26,230,000	26,230,000	26,230	-7,157,000	-7,157,000	-20,340	-20,340,000	4,186,000	4,186,000	-28,717,000	-28,717,000	27,488,000,000	27,488,000	29,026,000	8,978,000	18,978,000	-26,047,000						-10,025,000	1,214,000	1,214,000		277,000
other loss – net																-2,488,500	-800,000		-4,639,000		-4,515,000		-2,355,000	-3,926,750	-14,627,000		-399,000				-3,123,750	-1,424,000
net income attributable to the
shareholders of teekay corporation																6,298,500	-2,913,000		-1,844,000		29,951,000		-19,444,000																-18,353,000														-2,661,000	-30,130,000	6,072,000			-77,809,000
earnings per common share of teekay
corporation
- basic																62.5	-30		-20		300		-190	-157.5	-350		210			110															-210	-160				-930	-530		-30	-407.5	70			-1,140		-670		530						-130		-190	-142.5	30		-600				-1,000	-155	-690							-1,350	-240	-290				20				-4,200	-4.2	-1,360		-0.41		1,180	-1,210	-2,550		-2,100,000			220					1,440			73,592,554,000		73,843,784,000		73,251,038,000
- diluted																62.5	-30		-20		280		-190	-157.5	-350		210			110															-210	-160				-930	-530		-40	-407.5	70			-1,140		-670		520						-130		-190	-142.5	30		-600				-1,000	-155	-690							-1,350	-240	-290				20				-4,200	-4.2	-1,360		-0.41		1,160	-1,210	-2,550		-2,100,000			220					1,430			74,917,614,000		75,310,567,000		74,944,038,000
weighted-average number of common shares
outstanding
number of outstanding shares of common stock at
the end of the period																25,392,951,500	101,571,806,000
net income attributable to the shareholders of teekaycorporation																		-2,913,000		-1,844,000
per common share of teekay corporation
• basic income attributable to shareholders of teekay corporation																		-30		-20		300						210																					-150							70			-1,140						-170		910
• diluted income attributable to shareholders of teekay corporation																		-30		-20		280						210																					-150							70			-1,140						-170		900
time-charter hire expense																					-11,121,000		-16,717,000	-15,891,500	-18,796,000		-17,714,000			-31,174,000	-21,896,750	-28,932,000		-28,817,000		-29,838,000	-86,458,000		-25,434,000	-25,434,000	-20,965,000	-20,965,000	-20,648,000	-20,648,000	-19,411,000	-22,787,000			-28,645,000	-30,689,000	-38,772,000		-38,418,000	-38,418,000	-33,810,000		-38,314,000	-38,314,000		-39,603,000	-39,603,000	-40,267,000	-40,267,000	-43,021,000	-43,021,000	-30,333,000	-30,333,000	-24,927,000	-24,927,000	-24,315,000	-24,315,000	-16,898,000	-16,898,000	9,714,000	9,714,000	16,292,000	16,292,000	24,164,000	24,164,000	25,486,000	25,486,000	26,544,000	26,544,000	26,544,000	27,452,000	27,452,000	27,883,000	27,883,000	27,386,000	27,386,000	31,491,000	31,491,000	43,979,000	43,979,000	50,302,000	47,433,000	47,433,000	47,433	53,414,000	53,414,000	63,031	63,031,000	57,909,000	57,909,000	62,188,000	62,189,000	68,106,000,000	68,106,000	70,913,000	81,078,000	81,078,000	94,964,000	116,451,000		142,702,000	142,682,000	144,921,000	121,756,000	101,247,000	101,247,000	98,501,000	100,848,000
write-down and loss on sale of assets																					-715,000
net (income) loss attributable to non-controlling interests																					-31,553,000														-5,374,000
income per common share of teekay corporation
write-down and loss on sale																						-715,000							-94,606,000
realized and unrealized gains																						7,321,000																						10,723,000
write-down and gain on sale of assets																							-28,690,000	-42,887,000	-66,273,000		-10,669,000
foreign exchange loss																							-12,499,000					-8,922,000																						-17,342,000		-2,904,000																										-4,334,000			-11,837,000													-15,824,000																			-25,165,000			-1,807,000	-29,483,000				-5,888,000
net income (income) attributable to
non-controlling interests																							25,688,000	-49,900,750	5,981,000		-103,777,000			-111,154,000	-12,609,250	-22,270,000		-5,374,000		-22,793,000			-11,996,000	-2,373,500	-10,242,000												-134,686,000
realized and unrealized losses on non-designated
derivative instruments																								-8,101,000	-1,471,000																									-30,570,000
net income attributable to the shareholders
of teekay corporation																								-15,872,250	-35,407,000		21,723,000			11,343,000
write-down and gain on sale																										-66,273,000		-10,669,000
realized and unrealized losses on non-designated derivative instruments																										-1,471,000		-9,270,000	-21,663,000																							-6,475,000
net income (income) attributable to non-controlling interests																										5,981,000											-21,490,000					-10,242,000
• basic loss attributable to shareholders of teekay corporation																										-350			-490																							-530									-670								-130
• diluted loss attributable to shareholders of teekay corporation																										-350			-490																							-530									-670								-130
realized and unrealized loss on non-
designated derivative instruments																											-9,270,000
net income attributable to
other income																													-681,000						-11,099,000			28,000						520,000					-4,705,000			295,000													-164,000	-389,000	-389,000	375,000	375,000				-1,671,000		-734,000		8,251,000				625,000	-1,386,000		-1,386,000		5,240,000				-376,000		89,000		2,343,000	10,540,000	766,000				958,000		94,000				2,042,000		1,277,000	2,422,000		4,618,000	2,938,000	3,823,000
write-down and gain on sale of vessels																														8,803,000
realized and unrealized gain on
loss on deconsolidation of altera
other income – net																														-1,980,000				-11,099,000		28,000			782,000	-698,750	-2,400,000		520,000		-915,000	1,188,000				-759,000	295,000		-18,207,000	-5,201,500	480,000		-21,436,000	-21,436,000																											5,240,000		-1,690,000	514,000	-376,000		89,000		2,343,000
weighted-average number of common
shares outstanding
write-down and loss on sales of vessels																															-44,778,250	-175,785,000	-175,785,000				-53,693,000					-2,201,000	-32,830,000	-32,830,000
loss on deconsolidation of teekay offshore																																					-7,070,000								-7,070,000	-1,600,000			-103,188,000
net income attributable to the shareholders of
teekay corporation																															-80,480,000	-198,178,000		-39,485,000		-84,257,000				-15,221,000	-12,005,000
loss per common share of teekay corporation
- basic and diluted																															-800	-1,970		-390		-840			-180	-152.5	-120		-280
realized and unrealized																																	-1,924,000		-10,964,000			-5,423,000				-2,168,000							-6,128,000
• basic and diluted loss attributable to shareholders of teekay corporation																																	-1,970		-390			-840				-120		-280
net (income) loss attributable to
asset impairments																																				-3,328,000		-3,328,000							-13,000,000				-243,659,000	-1,500,000				24,575,000	-7,766,000	-7,766,000	-62,605,000	-62,605,000	-62,605,000			-55,645,000	-55,645,000			-500,000	-500,000	-15,496,000	-15,496,000			-4,759,000	-4,759,000													3,165,000
income statement data
balance sheet data:
cash and cash equivalents																																					424,169,000
restricted cash																																					81,470,000
write-down and loss on sale of vessels																																									-2,201,000
• cash dividends declared																																										55		55					55			55				55			55		55				550		316.3		316.3				316.3		316.3		316.3				316.3	316.3		316.3		316.3				316.3				316.3	316.2	316.3				316.3		316.3				316.3		316.3	316.3		316.25	316.25	316.25			275	275
less: net income (income) attributable
to non-controlling interests																																											11,323,000		-10,575,000	-31,488,000				44,591,000				-18,789,750	-74,071,000			8,495,000
less: net income (income) attributable to non-controlling interests																																												11,323,000																																					35,593,000														4,411,250	51,149,000		51,149		8,898,000											-8,475,500	23,633,000
net income on sale of vessels, equipment and other operating assets																																													-5,662,000	-489,000			-7,926,000
less: net (income) loss attributable
less: net income																																																	370,483,000
loss on sale of vessels, equipment and other operating assets																																																		-12,742,000
realized and unrealized loss on non-designated
loss per common share of teekay
write-down of vessels and equipment																																																					-2,146,000
loss on sale of vessels, equipment and other assets																																																			-4,427,000	-4,427,000
less: net income attributable to non-controlling interests																																																			-56,231,000	-56,231,000								-9,584,000	-9,584,000					-149,324,000	-149,324,000	-53,616,000	-53,616,000	-16,159,000				-27,540,000	-27,540,000	-49,610,000	-49,610,000					-76,167,000	-76,167,000	-76,167,000		-45,891,000								-49,183,000								-42,402,000					-7,729,000,000	-7,729,000	-27,933,000				-34,266,000
net loss attributable to shareholders of teekay corporation																																																			-45,256,000	-45,256,000									-48,784,000							-9,764,000	-9,764,000
net loss on sale of vessels, equipment and other operating assets																																																					-12,038,000
realized and unrealized gain
on derivative instruments																																																					131,876,000	-41,741,750	29,926,000			-89,272,000
less: net income attributable to
earnings per common share of
teekay
gain on sale of vessels and equipment																																																						-6,922,750	-72,000					-27,619,000		-177,000	410,750					1,643,000		2,839,000	2,667,500	1,217,000			-9,615,000																																								-2,925,000	-2,925,000	-496,000	-8,072,000
less: net loss attributable
gain on sale of vessels, equipment and other assets																																																								-72,000					-27,619,000								1,643,000				1,217,000
realized and unrealized gain on non-designated derivative instruments																																																								29,926,000			-89,272,000								63,752,000						-5,792,000		-75,331,000						-26,707,000	56,035,000		56,035,000		-13,789,000								4,815,000								23,257,000				-133,241,000		-219,225,000	-87,847,000		56,980,000	-121,664,000	157,485,000
other gain																																																								480,000
less: net loss attributable to non-controlling interests																																																								-74,071,000	8,495,000		8,495,000			-124,750,000	-49,639,750	4,381,000	4,381,000						-16,159,000	-85,450,000	-85,450,000					-63,753,000	-63,753,000	35,593,000					-45,891,000		214,838,000				-4,927,000	-4,927,000	-49,183,000				51,149,000		8,898,000				-91,707,000	-2,236,250	26,717,000	26,717,000				-40,898,000
net income attributable to shareholders of teekay corporation																																																								6,072,000	-77,809,000		-77,809,000	-48,784,000		38,238,000	38,238,000	-12,235,000	-12,235,000		65,912,000
realized and unrealized gain on derivative instruments																																																									-89,272,000			-107,621,000		27,101,000	-32,325,250	-109,667,000		63,752,000				-103,304,000	-32,092,750	-5,792,000		-75,331,000		-47,248,000		2,875,000	3,884,750	-26,707,000			56,035,000		-13,789,000		44,580,000				-94,598,000		4,815,000						-102,140,000		23,257		140,715,000	-110,078,250	-133,241,000		-219,225,000,000			56,980,000
– basic																																																									-1,140						150	-170		910																	160
– diluted																																																									-1,140						150	-170		900																	160
general and administrative																																																											-29,871,000							-33,730,000	-33,730,000	-37,954,000	-37,954,000	-34,509,000	-34,509,000	-31,585,000	-31,585,000	36,945,000	36,945,000	37,878,000	37,878,000	34,360,000	34,360,000	31,932,000	31,932,000	35,395,000	35,395,000	35,395,000	39,271,000	39,271,000	49,187,000	49,187,000	49,630,000	49,630,000	50,777,000	50,777,000	53,373,000	53,373,000	53,324,000	48,801,000	48,801,000	48,801	51,273,000	51,273,000	70,218	70,218,000	48,486,000	48,486,000	46,910,000	46,910,000	50,256,000,000	50,256,000	48,091,000	56,410,000	56,410,000	52,238,000	52,695,000		69,899,000		67,671,000	60,912,000	58,358,000	58,358,000	58,797,000	39,822,000
restructuring																																																											-5,818,000
income per common share of teekay
realized and unrealized loss on non-designated derivative instruments																																																													-107,621,000				-109,667,000				-83,386,000								-47,248,000													-35,149,000		-94,598,000			-74,613,250	-219,570,000				-102,140,000
other income - net																																																													150,000									-6,998,000	1,461,500	-1,671,000
loan loss recoveries
restructuring (charges) reversals																																																															-3,094,500	-3,994,000
restructuring reversals																																																																		742,000	742,000
net income attributable to stockholders of teekay corporation																																																																		65,912,000				-13,656,000	-10,275,250	2,374,000	2,374,000	-42,987,000	-42,987,000				-10,968,250	-49,104,000	-49,104,000	11,367,000	11,367,000	11,367,000	-6,136,000	-6,136,000	-93,711,000	-93,711,000	-20,261,000	-20,261,000	-47,274,000		1,066,000	1,066,000	48,352,000	-291,162,000		-291,162		-96,452,000	-29,657	-29,657,000	85,907,000	85,906,000	-186,043,000	-186,043,000	-153,148,000,000	-153,148,000	-14,002,000	15,864,000	29,796,000	-142,248,000	159,359,000
loan loss																																																																											-2,521,000
• basic income attributable to stockholders of teekay corporation																																																																									30		-600											-90
• diluted income attributable to stockholders of teekay corporation																																																																									30		-600											-90
operating expenses
loan loss (recoveries) provisions																																																																										-2,521,000
loss on sale of vessels and equipment																																																																										-9,615,000		162,000	162,000	40,000	-508,750	-726,000		-1,341,000
operating expenses - sum																																																																										372,805,000		394,627,000		493,048,000	318,572,750	484,714,000			401,330,000		388,247,000		860,220,000				413,662,000		417,607,000				544,477,000		442,799,000				466,463,000	342,207,250	458,994,000					509,785,000									460,247,000		457,562,000
other items
other income—net																																																																										-734,000		8,251,000		1,165,000	1,120,250	625,000			-1,386,000
total operating expenses																																																																											372,805,000		394,627,000				484,714,000	401,330,000		401,330,000		388,247,000				415,139,000		413,662,000		417,607,000	414,851,000	544,477,000				442,799,000		453,544,000				458,995,000		450,972,000	458,862,000		511,806,000	475,785,000	474,712,000		670,800,000	670,941,000	625,469,000	526,216,000		460,247,000		372,698,000
asset impairments and provisions																																																																														85,300,000	20,763,250	72,846,000	72,846,000	7,042,000		7,042,000
net loss attributable to stockholders of teekay corporation																																																																												-488,000	-488,000	-70,865,000														-47,274,000					-291,162,000		-96,452,000
— basic																																																																												-10									-90						-680
— diluted																																																																												-10									-90						-680
loan loss provisions
• basic loss attributable to stockholders of teekay corporation																																																																													-10				-690									-290					-1,475	-4,200				-1,360		-410
• diluted loss attributable to stockholders of teekay corporation																																																																													-10				-690									-290					-1,475	-4,200				-1,360		-410
• basic earnings attributable to stockholders of teekay corporation																																																																																		160		160										20												-2,550		-2,100	-190
• diluted earnings attributable to stockholders of teekay corporation																																																																																		160		160										20												-2,550		-2,100	-190
asset impairments, net of loss on sale of vessels and equipment																																																																																			5,701,000
loss on sale of vessels and equipment / asset impairments																																																																																					3,197,000		428,792,000	3,066,250	9,193,000		3,269,000
net loss on sale of vessels and equipment																																																																																						32,000
bargain purchase gain
goodwill impairment																																																																																															9,163,000	36,652,000	36,652,000	36,652
less: net (income) loss attributable to non-controlling interests																																																																																								-15,975,500	-9,792,000	-9,792,000
loss on sale of vessels and write-downs of vessels																																																																																										9,193,000		3,269,000
Ÿ basic loss attributable to stockholders of teekay corporation																																																																																												-680
Ÿ diluted loss attributable to stockholders of teekay corporation																																																																																												-680
Ÿ cash dividends declared																																																																																												316.25
Ÿ basic																																																																																												69,231,419,000
Ÿ diluted																																																																																												69,231,419,000
(gain) on sale of vessels and equipment/asset impairments																																																																																													-197,000
loss on sale of vessels and equipment—net of write-downs of vessels and equipment																																																																																															25,303,500	91,809,000
equity income from joint ventures																																																																																															-10,070,500	-40,624,000		-40,624	-6,053,000	-6,053,000	6,394	6,394,000	29,246,000	29,246,000	-16,010,000	-16,010,000	-21,827,000,000	-21,827,000	-2,666,000	11,843,000	22,385,000	-8,945,000	27,380,000						-2,092,000		-1,595,000	1,965,000
loss on note repurchases
write-down of vessels/net loss on vessel sales																																																																																																	91,809,000
equity loss from joint ventures																																																																																																	-40,624,000																		-2,063,000
other income — net																																																																																																	766,000	766	958,000		94		2,323,000	-1,725,750	2,042,000		1,092,000,000			3,542,000
write-down of vessels/net income on vessel sales																																																																																																		91,809
asset impairments/net loss on vessel sales																																																																																																			5,812,000				24,195,000
loss on sale of vessels and equipment — net of write-downs of vessels and equipment																																																																																																				5,812,000		3,593,000
loss on notes repurchase
asset impairments/net income on vessel sales																																																																																																					3,593
less: net (income) attributable to non-controlling interests																																																																																																					-42,402
weighted-average number of
common shares outstanding
loss on sale of vessels and equipment, net of write-downs																																																																																																								6,238,750	24,173,000					21,839,000
loss on sale of vessels and equipment — net of write-downs of intangible assets and vessels and equipment																																																																																																										24,173,000
restructuring charge																																																																																																										3,240,000		4,195,000	3,783,000		2,427,000	1,456,000	5,003,000		4,617,000	4,617,000	1,500,000					2,948,000
loss on bond repurchase																																																																																																												-537,000	-12,108,000
gain on sale of vessels and equipment, net of write-downs																																																																																																											22,000,000
loss on sale of vessels and equipment — net of write-downs																																																																																																												22,000	760,000
goodwill impairment charge
gain on sale of vessels and equipment — net of write-downs																																																																																																															22,915,000	915,000	-11,083,000
• basic earnings																																																																																																															340	-1,960	2,200			2,530	210
• diluted earnings																																																																																																															337.5	-1,960	2,190			2,500	210
net income before income tax recovery																																																																																																																	189,027,000
interest (expense) gain																																																																																																																			-25,398,000
foreign currency exchange gain																																																																																																																			958,000
minority interest income																																																																																																																			-20,951,000		3,472,000	3,602,000	-6,341,000	-6,341,000	-5,640,000
other — net																																																																																																																			5,328,000	13,777,000
total other items																																																																																																																			-15,263,000	84,961,000	-95,744,000	-63,631,000		-39,224,000		-25,188,000
earnings per common share
weighted-average number of common shares outstanding:
interest gain																																																																																																																				113,962,000
minority interest expense																																																																																																																				-38,822,000
per common share amounts
- basic earnings																																																																																																																						230		1,060		1,090
- diluted earnings																																																																																																																						230		1,040		1,070
- cash dividends declared																																																																																																																						237.5		237.5		207.5
weighted average number of common shares
writedown / (gain) on sale of vessels and equipment																																																																																																																							-11,613,000	-11,613,000
other items - sum																																																																																																																							-39,224,000		-49,079,000
earnings per common share - basic - diluted																																																																																																																							1,060		1,040
weighted-average number of common shares outstanding - basic - diluted																																																																																																																							73,843,784,000		73,129,585,000
write-down / (gain) on sale of vessels and equipment
voyage revenues																																																																																																																										477,733,000
writedown /																																																																																																																										-7,138,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-06-30	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-09-23	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-12-16	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2008-12-31	2008-11-25	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-08-01	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2005-03-31	2003-06-30	2001-12-31

assets
current
cash and cash equivalents	850,687,000	685,331,000	691,654,000	689,177,000	550,692,000	480,080,000	416,025,000	314,892,000			182,810,000				235,973,000	258,351,000				461,152,000	564,401,000	353,241,000			410,724,000			454,933,000		445,452,000	453,283,000		541,426,000	567,994,000	705,296,000	789,708,000	658,158,000	678,392,000	789,699,000	707,885,000	684,511,000	806,904,000	705,896,000	748,900,000	583,992,000	614,660,000	618,416,000	540,206,000	540,206,000	479,647,000	639,491,000	586,901,000	665,737,000	712,288,000	692,127,000	775,403,000	775,403,000	497,549,000	567,325,000	779,748,000	692,454,000	641,467,000	635,361,000	422,510,000	495,402,000	472,671,000	814,165,000	498,933,000	498,933,000	555,673,000	442,673,000		292,332,000		370,714,000	343,914,000	303,231,000				174,950,000
short-term investments	61,000,000	10,000,000	52,277,000	66,106,000	110,393,000	172,604,000	95,210,000	136,312,000			245,000,000
restricted cash – current	835,000	3,673,000	667,000	679,000	679,000	691,000	691,000	703,000			2,730,000				11,323,000	11,380,000				16,317,000	40,444,000	56,777,000			47,424,000																													104,688,000																36,343,000	33,479,000		119,055,000
marketable securities	19,681,000	22,442,000																																																		5,676,000	5,925,000		7,782,000	16,422,000	16,422,000	20,302,000	22,849,000	21,380,000	17,173,000	13,831,000	17,127,000																		5,028,000
accounts receivable	90,492,000	83,317,000	94,367,000	115,345,000	109,075,000	117,794,000	134,880,000	151,668,000																																																									180,121,000	189,388,000			336,607,000			254,014,000		210,234,000				121,011,000	158,067,000		57,519,000
accrued revenue	45,132,000	57,605,000	46,394,000	65,138,000	86,208,000	70,026,000	58,521,000	77,444,000			79,425,000				39,239,000	23,740,000				42,387,000	66,900,000	107,111,000			55,180,000
assets held for sale	113,783,000		37,239,000	36,446,000	36,505,000							17,913,000	28,531,000	43,543,000	13,756,000	11,925,000		32,974,000			50,818,000	65,458,000					28,482,000	29,911,000	28,000,000	33,671,000	23,400,000	23,900,000	14,400,000	61,282,000	82,252,000	75,562,000		55,450,000	15,092,000	5,000,000	5,000,000		6,758,000		144,000,000	176,247,000												8,300,000
bunker and lube oil inventory	33,897,000	45,990,000	45,440,000	49,760,000	54,868,000	53,219,000	51,678,000	56,803,000	64,421,000	60,832,000	66,173,000	84,710,000	62,731,000
prepaid expenses	14,786,000	12,828,000	13,448,000	16,721,000	15,291,000	15,624,000	13,152,000	15,921,000							79,389,000	81,317,000																																				75,746,000	77,791,000		93,045,000	98,309,000	98,309,000	119,366,000	128,563,000	94,282,000	94,512,000	96,556,000	106,452,000	90,749,000	106,550,000	99,872,000	117,651,000		135,691,000			91,210,000		92,641,000
other current assets	5,714,000	5,873,000	4,908,000												23,056,000	27,160,000										420,724,000	295,741,000		283,819,000			331,954,000																				25,301,000	456,000	507,070,000														538,833,000		480,458,000	428,190,000		348,157,000		329,131,000	318,229,000	254,439,000			1,917,000
total current assets	1,236,007,000	927,059,000	986,394,000	1,039,372,000	963,711,000	921,948,000	770,157,000	753,743,000			691,329,000				516,305,000	549,537,000				811,115,000	1,096,088,000	1,142,868,000			884,384,000			835,456,000		832,711,000	853,491,000		1,218,899,000	1,281,434,000	1,283,445,000	1,387,948,000	1,254,795,000	1,319,644,000	1,378,694,000	1,329,392,000	1,289,332,000	1,335,252,000	1,255,518,000	1,438,380,000	1,379,399,000	1,674,590,000	1,479,808,000	1,435,719,000	1,435,719,000	1,488,868,000	1,555,425,000	1,407,204,000	1,280,236,000		1,212,756,000	1,277,057,000	1,277,057,000	1,059,046,000	1,141,881,000	1,262,090,000	1,090,383,000	1,080,329,000	1,105,001,000	864,378,000	929,005,000	896,038,000	1,394,503,000		1,131,709,000			752,225,000		759,544,000				719,232,000	962,044,000	1,917,000	267,469,000
vessels and equipment												1,281,955,000	1,318,545,000																																									7,279,189,000														6,664,153,000		6,389,565,000	6,180,180,000	5,143,559,000	5,201,179,000	4,251,136,000	5,306,578,000	4,925,409,000	3,164,223,000	2,469,203,000	2,511,180,000
at cost, less accumulated depreciation of 488.3 million	928,907,000
operating lease right-of-use assets	39,904,000	52,162,000	53,999,000	63,704,000	65,870,000	76,314,000	86,624,000	90,831,000	92,691,000	42,894,000	16,063,000	8,701,000	10,895,000	14,257,000	20,672,000	14,435,000	18,065,000	52,961,000	61,796,000	81,255,000	91,624,000	159,638,000	177,052,000	185,716,000	173,945,000
total vessels and equipment	968,811,000	1,184,271,000	1,205,861,000	1,154,603,000	1,165,837,000	1,234,524,000	1,281,238,000	1,301,448,000			1,286,048,000				4,260,657,000	4,281,415,000				4,699,797,000	4,745,695,000	5,033,130,000			5,734,402,000			5,342,738,000		5,208,544,000	4,313,782,000		9,255,797,000	9,138,886,000	9,248,898,000	9,132,948,000	9,300,819,000	9,366,593,000	9,355,893,000	8,767,472,000	8,682,813,000	8,106,247,000	7,874,256,000	7,828,545,000	7,598,708,000	7,351,144,000	7,536,138,000	7,449,607,000	7,449,607,000	7,314,386,000	7,321,058,000	7,742,162,000	7,641,431,000		7,868,361,000	6,930,807,000	6,930,807,000	6,930,863,000	6,752,520,000	6,771,375,000	6,725,378,000	6,762,305,000	6,801,065,000	6,835,597,000	6,890,768,000	6,880,956,000	7,267,094,000		7,357,445,000			6,638,093,000		5,630,350,000				3,458,955,000	3,378,266,000		2,043,098,000
investment in and loan to equity-accounted investment	16,887,000	15,998,000	15,382,000	18,004,000	17,098,000	15,731,000	15,215,000	16,549,000
goodwill, intangibles and other non-current assets	33,279,000	25,787,000	25,851,000	36,905,000	28,009,000	24,435,000	23,924,000	26,427,000			26,227,000				130,990,000	130,199,000				130,200,000	130,051,000	133,466,000			159,115,000
total assets	2,254,984,000	2,153,115,000	2,233,488,000	2,248,884,000	2,174,655,000	2,196,638,000	2,090,534,000		2,175,187,000	2,164,846,000	2,021,229,000	1,995,680,000	1,958,637,000	6,531,982,000	6,602,289,000	6,636,601,000	6,844,205,000	6,945,912,000	7,081,120,000	7,345,512,000	7,683,804,000	8,072,864,000	7,951,778,000	8,126,018,000	8,481,485,000	8,391,670,000	8,339,787,000	8,216,908,000	8,165,374,000	8,092,437,000	7,430,848,000	12,770,432,000	12,873,846,000	12,814,752,000	12,952,198,000	12,962,999,000	12,903,234,000	13,061,248,000	13,136,995,000	12,490,008,000	12,303,521,000	11,864,212,000	12,095,056,000	12,055,711,000	11,636,387,000	11,555,701,000	11,404,042,000	11,117,587,000	11,117,587,000	11,032,602,000	11,002,025,000	11,243,638,000	11,155,275,000	11,168,646,000	11,131,396,000	10,147,075,000	10,147,075,000	9,922,167,000	9,832,460,000	9,911,098,000	9,822,321,000	9,661,251,000	9,704,876,000	9,510,916,000	9,662,233,000	9,600,719,000	10,215,001,000	10,769,380,000	11,257,262,000	10,406,382,000	10,060,153,000	9,625,703,000	9,410,727,000	9,410,727,000	8,440,976,000	7,733,476,000	6,098,705,000	5,738,117,000
liabilities and equity
accounts payable	23,021,000	25,706,000	25,691,000	31,797,000	29,998,000	33,954,000	32,498,000	40,621,000			37,748,000				75,741,000	103,987,000				137,910,000	133,215,000	135,496,000						17,881,000		24,107,000	22,166,000		51,380,000	53,507,000	55,484,000	63,952,000	63,246,000	64,212,000	88,054,000	62,881,000	46,716,000	85,290,000	84,828,000	161,477,000	294,979,000	98,415,000	133,347,000	107,106,000	107,106,000	123,451,000	111,474,000	190,343,000	83,131,000		97,084,000	53,117,000	53,117,000	53,620,000	52,709,000	44,990,000	55,986,000	47,776,000	58,066,000	57,242,000	53,835,000	53,297,000	59,973,000		94,082,000			91,318,000		65,341,000				43,578,000	51,754,000		24,484,000
accrued liabilities and other	179,532,000	82,000,000	90,954,000	83,785,000	69,596,000	82,468,000	73,146,000	75,590,000			82,181,000				232,519,000	210,003,000				303,947,000	294,425,000	276,354,000						263,791,000		282,352,000	195,605,000		379,729,000	403,685,000	399,314,000
current portion of operating lease liabilities	17,212,000	24,875,000	27,646,000	32,747,000	30,802,000	35,882,000	39,384,000	37,390,000			12,394,000				16,735,000	14,724,000				32,753,000	36,879,000	61,431,000			59,291,000
total current liabilities	219,765,000	132,581,000	144,291,000	148,329,000	130,396,000	172,821,000	165,532,000	182,058,000			235,814,000				823,208,000	926,564,000				904,678,000	1,036,578,000	1,163,559,000			1,009,197,000			1,029,179,000		1,364,932,000	1,227,042,000		1,677,991,000	1,646,460,000	1,661,003,000	1,783,405,000	1,938,978,000	1,886,788,000	2,258,372,000	1,734,915,000	1,619,034,000	1,365,976,000	1,435,893,000	1,500,748,000	1,916,236,000	1,945,514,000	1,773,756,000	1,863,277,000	1,863,277,000	1,445,332,000	1,522,901,000	1,520,338,000	1,389,906,000		1,130,930,000	1,007,029,000	1,007,029,000	1,419,831,000	1,353,209,000	1,153,638,000	896,308,000	851,467,000	802,085,000	845,863,000	927,018,000	887,667,000	1,031,140,000		849,643,000			634,564,000		1,156,643,000				356,926,000	311,830,000		127,325,000
long-term operating lease liabilities	23,444,000	28,716,000	26,354,000	30,957,000	35,068,000	40,432,000	47,240,000	53,557,000			4,408,000				3,937,000	105,000				40,229,000	46,577,000	87,171,000			102,188,000
other long-term liabilities	56,371,000	56,651,000	59,331,000	63,855,000	63,133,000	63,957,000	61,817,000	66,881,000	61,684,000	63,511,000	61,279,000	60,026,000	66,631,000	72,508,000	159,292,000	168,877,000	208,308,000	198,107,000	196,568,000	229,415,000	252,885,000	216,348,000	139,109,000	141,578,000	141,138,000	133,045,000	130,052,000	132,507,000	134,448,000	112,056,000	131,115,000	328,823,000	333,503,000	333,236,000	345,698,000	359,345,000	329,515,000	352,378,000	394,961,000	404,332,000	409,641,000	383,089,000	345,688,000	367,698,000	292,273,000	271,621,000	195,971,000	209,479,000	209,479,000	224,076,000	220,079,000	195,905,000	197,281,000	220,376,000	199,836,000	197,126,000	197,126,000	191,391,000	192,343,000	194,640,000	227,618,000	230,681,000	218,490,000	200,336,000	228,961,000	225,100,000	209,195,000		174,813,000			188,685,000		155,108,000			243,016,000	225,366,000	249,765,000		39,407,000
total liabilities	299,580,000	217,948,000	229,976,000	243,141,000	228,597,000	396,292,000	398,805,000	482,045,000			789,276,000				4,142,263,000	4,174,227,000				4,758,271,000	5,197,140,000	5,501,271,000			5,725,395,000			5,283,295,000		5,212,781,000	4,808,690,000		8,548,287,000	8,476,357,000	8,881,893,000	8,966,231,000	9,035,067,000	9,104,503,000	9,227,808,000	8,844,702,000	8,941,272,000	8,462,737,000	8,858,794,000	8,946,549,000	8,440,593,000	8,336,087,000	8,274,030,000	7,855,139,000	7,855,139,000	7,851,573,000	7,781,736,000	7,579,771,000	7,860,217,000		7,799,595,000	7,267,206,000	7,267,206,000	6,586,626,000	6,408,186,000	6,537,365,000	6,825,863,000	6,590,206,000	6,513,786,000	6,415,246,000	6,706,649,000	6,567,366,000	7,562,596,000		7,856,384,000			6,430,114,000		6,022,886,000				3,043,917,000	2,871,973,000	695,521,000	1,050,604,000
commitments and contingencies
equity
common shares and paid-in capital	876,216,000
accumulated deficit	-219,559,000	-166,872,000	-105,874,000	-126,710,000	-159,898,000	-213,193,000	-250,550,000	-278,390,000			-446,940,000				-501,822,000	-498,797,000				-472,252,000	-610,793,000	-546,684,000			-321,905,000			-193,751,000
non-controlling interest	1,298,747,000	1,225,404,000	1,199,151,000	1,182,531,000	1,159,723,000	1,068,068,000	993,736,000	941,376,000			640,043,000				1,941,036,000	1,944,035,000				2,058,273,000	2,085,617,000	2,089,730,000			2,040,496,000			2,077,449,000		2,102,465,000	1,833,095,000		3,223,028,000	3,189,928,000	2,925,957,000	2,866,027,000	2,751,911,000	2,782,049,000	2,745,323,000	2,520,361,000	2,283,434,000	2,290,305,000	2,117,953,000	2,009,585,000	2,034,379,000	2,071,262,000	1,911,380,000	1,982,676,000	1,982,676,000	1,861,882,000	1,876,085,000	2,223,805,000	1,919,410,000		1,863,798,000	1,500,793,000	1,500,793,000	1,602,411,000	1,544,239,000	1,353,561,000	1,052,626,000	978,942,000	918,642,000	855,580,000	757,167,000	727,391,000	583,938,000
total equity	1,955,404,000	1,935,167,000	2,003,512,000	2,005,743,000	1,946,058,000	1,800,346,000	1,691,729,000	1,616,122,000			1,231,953,000				2,460,026,000	2,462,374,000				2,587,241,000	2,486,664,000	2,571,593,000			2,756,090,000			2,933,613,000		2,879,656,000	2,622,158,000		4,075,861,000	4,089,293,000	3,819,489,000	3,748,451,000	3,613,536,000	3,701,074,000	3,648,889,000	3,634,825,000	3,350,190,000	3,388,633,000	3,218,976,000	3,094,013,000	3,179,883,000	3,203,050,000	3,105,599,000	3,234,091,000	3,234,091,000	3,152,646,000	3,191,474,000	3,627,626,000	3,258,702,000		3,293,494,000	2,840,722,000	2,840,722,000	3,295,937,000	3,383,660,000	3,332,008,000	2,953,128,000	3,028,369,000	3,147,957,000	3,095,670,000	2,955,584,000	3,033,353,000
total liabilities and equity	2,254,984,000	2,153,115,000	2,233,488,000	2,248,884,000	2,174,655,000	2,196,638,000	2,090,534,000	2,098,167,000	2,175,187,000	2,164,846,000	2,021,229,000	1,995,680,000	1,958,637,000	6,531,982,000	6,602,289,000	6,636,601,000	6,844,205,000	6,945,912,000	7,081,120,000	7,345,512,000	7,683,804,000	8,072,864,000	7,951,778,000	8,126,018,000	8,481,485,000	8,391,670,000	8,339,787,000	8,216,908,000	8,165,374,000	8,092,437,000	7,430,848,000	12,770,432,000	12,873,846,000	12,814,752,000	12,952,198,000	12,962,999,000	12,903,234,000	13,061,248,000	13,136,995,000	12,490,008,000	12,303,521,000	11,864,212,000	12,095,056,000	12,055,711,000	11,636,387,000	11,555,701,000	11,404,042,000	11,117,587,000	11,117,587,000	11,032,602,000	11,002,025,000	11,243,638,000	11,155,275,000	11,168,646,000	11,131,396,000	10,147,075,000	10,147,075,000	9,922,167,000	9,832,460,000	9,911,098,000	9,822,321,000	9,661,251,000	9,704,876,000	9,510,916,000	9,662,233,000	9,600,719,000
subsequent events
the accompanying notes are an integral part of the unaudited consolidated financial statements.
asset held for sale						11,910,000
at cost, less accumulated depreciation of 570.9 million		1,132,109,000
vessels related to finance leases, at cost, less accumulated amortization of 0
current obligations related to finance leases						20,517,000	20,504,000	28,457,000			59,930,000				93,442,000	212,890,000				97,237,000	96,231,000	95,339,000			85,706,000
long-term obligations related to finance leases						119,082,000	124,216,000	179,549,000			487,775,000				1,427,418,000	1,384,922,000				1,681,293,000	1,705,975,000	1,730,353,000			1,700,034,000
common shares, ...		876,635,000		949,922,000	946,233,000	945,471,000	948,543,000	953,136,000			1,041,696,000				1,053,059,000	1,052,900,000				1,054,890,000	1,053,522,000	1,052,284,000			1,048,623,000			1,044,752,000		919,078,000	892,094,000		889,684,000	887,075,000	882,267,000	875,275,000	778,080,000	775,018,000	774,270,000	772,606,000	772,177,000	770,759,000	767,253,000	756,067,000	752,349,000	713,760,000		700,484,000	700,484,000	685,484,000	681,933,000	677,255,000	670,107,000		660,917,000	660,870,000	660,870,000	670,242,000	685,430,000	672,684,000	676,734,000	672,820,000	668,155,000	656,193,000	651,884,000	649,138,000	642,911,000		634,755,000
at cost, less accumulated depreciation of 553.4 million			1,151,862,000
vessels related to finance leases, at cost, less accumulated amortization of nil
share capital and additional paid-in capital			910,235,000
subsequent event
at cost, less accumulated depreciation of 546.0 million				1,090,899,000
at cost, less accumulated depreciation of 534.1 million					1,099,967,000
restricted cash – non-current											3,135,000				40,328,000	40,521,000				61,948,000	83,408,000	44,849,000			38,155,000								100,719,000		110,211,000	125,509,000				46,973,000
at cost, less accumulated depreciation of 440,900						929,237,000
vessels related to finance leases, at cost, less accumulated amortization of 92,400						228,973,000
current portion of long-term debt											43,561,000				384,771,000	374,960,000				322,831,000	418,293,000	523,312,000			517,957,000			527,467,000		800,897,000	727,434,000		1,015,097,000	998,591,000	955,522,000	1,059,354,000	1,143,162,000	1,106,104,000	1,463,215,000	992,750,000	849,513,000	654,134,000	671,648,000	655,601,000	934,013,000	996,425,000	876,063,000	942,964,000	942,964,000	674,426,000	797,411,000	658,570,000	651,218,000	587,216,000	401,376,000	277,462,000	277,462,000	541,969,000	472,074,000	276,508,000	303,398,000	284,556,000	242,772,000	231,209,000	350,239,000	204,549,000	245,043,000	426,189,000	289,717,000	538,052,000	474,873,000	77,111,000	806,931,000	772,040,000	381,007,000	369,043,000	202,104,000	30,701,000	61,567,000		51,830,000
accumulated other comprehensive loss											-2,846,000				-32,247,000	-35,764,000				-53,670,000	-41,682,000	-23,737,000			-11,124,000					-5,995,000	-9,229,000		-9,551,000	-10,603,000	-22,762,000	-24,743,000	-22,670,000	-14,891,000	-27,767,000	-29,463,000	-29,285,000	-28,298,000	-17,873,000	-18,024,000	-18,105,000	-17,189,000	-11,564,000	-12,189,000	-12,189,000	-13,676,000	-14,768,000	-26,994,000	-27,646,000		-23,903,000	-16,025,000	-16,025,000	-5,400,000	-3,126,000	-8,171,000	-3,922,000	-21,499,000	-5,432,000	-1,534,000	-17,180,000	-45,195,000													-36,122,000
at cost, less accumulated depreciation of 438.2 million							964,046,000
vessels related to finance leases, at cost, less accumulated amortization of 90.9 million							230,568,000
at cost, less accumulated depreciation of 389,700								897,512,000
vessels related to finance leases, at cost, less accumulated amortization of 118,000								313,105,000
cash and cash equivalents - teekay parent									82,768,000	129,345,000		77,349,000	93,239,000	58,405,000			32,999,000	44,791,000	54,655,000				73,796,000	74,890,000		220,238,000	191,137,000		244,205,000			110,249,000
cash and cash equivalents - teekay tankers									169,751,000	180,512,000		66,266,000	18,366,000	50,572,000			87,595,000	97,232,000	120,872,000				76,705,000	35,429,000		54,917,000	54,361,000		47,962,000			87,255,000
short-term investments - teekay parent									208,252,000	210,000,000		220,000,000	220,000,000
accounts receivable and other current assets									279,387,000	239,202,000		184,923,000	153,412,000	167,507,000			299,162,000	282,242,000	274,408,000				296,186,000	330,811,000
restricted cash - teekay tankers									6,838,000	6,849,000		5,638,000	5,335,000	5,356,000			5,948,000	5,914,000	8,123,000				5,778,000	5,353,000		5,590,000	4,466,000		3,924,000			1,380,000
vessels and equipment - teekay tankers									1,229,947,000	1,253,368,000				1,336,998,000			1,530,082,000	1,555,300,000	1,616,518,000				1,836,138,000	1,856,766,000		1,883,561,000	1,897,920,000		1,942,139,000			1,554,055,000
net investment in and loans to equity-accounted investment									17,328,000	16,198,000		14,269,000	12,200,000	12,954,000
other non-current assets									23,804,000	25,646,000		21,947,000	23,374,000	25,936,000			144,319,000	137,082,000	128,867,000				137,510,000	141,626,000		120,014,000	259,725,000	95,158,000		83,211,000	90,059,000		178,852,000	190,699,000	213,523,000	220,740,000	201,521,000	214,932,000	309,158,000	293,181,000	266,886,000	274,595,000	253,162,000	214,788,000	178,754,000	159,494,000	147,546,000	140,339,000	140,339,000	155,043,000	149,682,000	108,258,000	128,894,000		119,093,000	103,476,000	103,476,000	103,851,000	109,142,000	117,351,000	116,604,000	123,734,000	131,902,000	130,624,000	139,898,000	136,488,000	127,940,000		200,157,000
accounts payable and other current liabilities									134,760,000	134,342,000		149,117,000	131,697,000	144,144,000			349,255,000	456,152,000	461,664,000
current portion of long-term debt - teekay parent										21,184,000		21,509,000	23,251,000	239,806,000									36,663,000	36,663,000								52,113,000
current portion of long-term debt and finance leases - teekay tankers									41,730,000	60,161,000
long-term debt and finance leases - teekay tankers									316,728,000	472,599,000
operating lease liabilities									93,038,000	43,443,000		9,613,000	11,961,000	14,257,000			19,449,000	54,290,000	63,529,000				165,414,000	173,476,000
equity:
non-controlling interests									868,146,000	746,143,000		567,309,000	554,107,000	1,917,433,000			2,028,761,000	1,989,883,000	2,033,112,000				1,983,896,000	2,005,399,000		2,058,037,000	2,077,492,000		2,098,274,000			3,108,941,000																						1,967,272,000
shareholders of teekay									659,101,000	623,463,000		564,054,000	558,494,000	515,050,000			523,808,000	481,408,000	496,818,000				465,004,000	667,226,000		808,991,000	842,421,000		885,837,000
net (cash) debt - teekay parent									-291,020,000	-318,161,000		-275,840,000	-289,988,000
net debt - teekay tankers									181,869,000	345,399,000		552,148,000	588,795,000	583,844,000			506,196,000	509,858,000	502,142,000				997,411,000	979,380,000		1,050,188,000	1,044,961,000		1,040,460,000			733,151,000
current assets - discontinued operations														4,804,439,000
restricted cash - teekay parent														6,000			10,000	10,000	4,060,000				1,946,000	2,023,000		2,030,000	2,057,000		5,000			4,534,000
net investment in direct financing and sales-type leases												12,009,000	12,009,000	12,009,000			520,623,000	528,641,000	537,142,000
current liabilities - discontinued operations														2,877,629,000
short-term debt - teekay tankers												15,000,000	28,000,000	25,000,000			20,000,000	10,000,000	20,000,000
long-term debt - teekay parent														111,383,000			347,499,000	339,933,000	346,178,000				347,830,000	345,768,000		614,341,000	643,715,000		686,149,000			730,892,000
accounts receivable, including non-trade of 1,635											96,593,000
prepaid expenses and other											16,839,000									71,398,000	87,257,000	78,097,000			97,822,000			47,336,000		38,180,000	36,698,000		101,894,000	94,370,000	123,997,000	116,270,000	101,727,000	95,302,000	111,300,000	92,028,000	79,021,000	69,470,000	74,101,000	62,790,000	75,151,000	57,158,000	70,551,000	74,860,000	74,860,000	71,787,000	61,549,000
current portion of net investments in sales-type lease											1,759,000
at cost, less accumulated depreciation of 167,200											434,858,000
vessels related to finance leases, at cost, less accumulated amortization of 274,200											835,127,000
investment in and loans, net to equity-accounted investment											14,490,000
short-term debt															20,000,000	10,000,000				10,000,000	55,000,000	50,000,000	50,000,000
long-term debt															1,728,408,000	1,693,759,000				1,902,656,000	2,155,125,000	2,303,840,000			2,710,534,000			2,821,866,000		2,616,808,000	2,621,078,000		5,545,978,000	5,640,955,000	5,920,532,000	5,941,283,000	6,062,385,000	6,277,982,000	5,919,986,000	6,152,284,000	6,268,977,000													5,443,497,000											4,168,490,000	4,274,903,000	4,707,749,000	5,708,236,000	5,457,031,000	5,583,863,000	5,285,397,000	4,465,121,000	4,313,339,000	3,473,399,000	4,021,077,000	3,350,640,000	2,821,040,000	2,004,449,000	1,776,322,000		883,872,000
current portion of long-term debt - teekay tankers												70,738,000	58,708,000	42,532,000			209,137,000	89,334,000	37,756,000				126,170,000	125,661,000		127,132,000	119,682,000		160,737,000			150,254,000
long-term debt - teekay tankers												538,314,000	525,788,000	572,240,000			370,602,000	513,670,000	573,381,000				903,724,000	894,501,000		983,563,000	984,106,000		931,609,000			671,532,000
equity income from continuing operations														-12,046,000
equity income disclosed in discontinued operations														9,705,000
total equity income														-2,341,000
proportionate share of unrealized losses
on derivative instruments														-5,987,000
other														39,291,000										356,022,000
equity income adjusted for items in appendix a														30,963,000
non-current assets - discontinued operations
non-current liabilities - discontinued operations
net debt - teekay parent														292,778,000			314,490,000	295,132,000	287,463,000				308,751,000	305,518,000		392,073,000	450,521,000		441,939,000			668,222,000
accounts receivable, including non-trade of 11,743															84,363,000
current portion of net investments in direct financing and sales-type leases															29,206,000	14,650,000				14,920,000	80,720,000	273,986,000
at cost, less accumulated depreciation of 1,091,138															2,267,704,000
vessels related to finance leases, at cost, less accumulated amortization of 283,024															1,972,281,000
net investment in direct financing and sales-type leases, net – non-current															484,507,000	501,485,000				540,066,000
investment in and loans, net to equity-accounted investments															1,169,502,000	1,133,444,000				1,102,386,000
accounts receivable, including non-trade of 7,964																121,014,000
at cost, less accumulated depreciation of 1,062,951																2,254,208,000
vessels related to finance leases, at cost, less accumulated amortization of 270,665																2,012,772,000
cash and cash equivalents - teekay lng																	163,480,000	206,762,000	201,036,000				142,860,000	124,880,000		149,014,000	139,854,000		197,007,000			191,110,000
restricted cash - teekay lng																	44,736,000	51,181,000	53,801,000				91,671,000	80,308,000		73,850,000	66,588,000		86,288,000			108,243,000
vessels and equipment - teekay lng																	2,860,581,000	2,875,169,000	2,908,182,000				3,303,126,000	3,320,937,000		3,242,581,000	3,060,856,000		2,602,182,000			2,014,909,000
investments in and loans to equity-accounted investments																	1,136,605,000	1,075,653,000	1,111,660,000			1,173,728,000
current portion of long-term debt - teekay lng																	422,695,000	322,440,000	363,161,000				460,230,000	468,038,000		217,120,000	236,410,000		606,818,000			301,236,000
long-term debt - teekay lng																	2,344,691,000	2,490,695,000	2,488,953,000				2,795,767,000	2,799,426,000		3,051,212,000	2,976,800,000		2,254,138,000			2,192,615,000
net debt - teekay lng																	2,559,170,000	2,555,192,000	2,597,277,000				3,021,466,000	3,062,276,000		3,045,468,000	3,006,768,000		2,577,661,000			2,194,498,000
vessels and equipment - teekay parent																							102,031,000	284,840,000		304,049,000	312,081,000		328,748,000			568,042,000
liabilities related to assets held for sale																					2,535,000
accounts receivable, including non-trade of 9,140																				204,941,000
at cost, less accumulated depreciation of 1,276,912																				2,431,495,000
vessels related to finance leases, at cost, less accumulated amortization of 292,557																				2,187,047,000
accounts receivable, including non-trade of 7,590																					205,548,000
at cost, less accumulated depreciation of 1,229,094																					2,448,226,000
vessels related to finance leases, at cost, less accumulated amortization of 272,807																					2,205,845,000
net investment in direct financing and sales-type leases – non-current																					544,821,000
investment in and loans to equity-accounted investments																					1,083,741,000				1,106,572,000
accounts receivable, including non-trade of 12,793																						199,957,000
current portion of loans to equity-accounted investments																						8,241,000			153,409,000
at cost, less accumulated depreciation of 1,259,404																						2,654,466,000
vessels related to finance leases, at cost, less accumulated amortization of 253,553																						2,219,026,000
advances on newbuilding contracts and conversion costs																														444,493,000	492,800,000		1,039,543,000	987,658,000	888,865,000	889,617,000	836,756,000	817,878,000	726,265,000	629,266,000	693,329,000	1,706,500,000	1,496,350,000	1,403,850,000
net investment in direct financing leases and sales-type leases – non-current																						544,823,000
loans from equity-accounted investments																						18,647,000			64,406,000
liabilities associated with assets held for sale																						2,980,000													6,211,000											168,007,000
current portion of loans and advances to
equity-accounted investments																							99,314,000	93,924,000						1,130,198,000	1,187,648,000		1,037,297,000	1,010,308,000	984,966,000	984,601,000	906,588,000	905,159,000	876,383,000	890,351,000		873,421,000
vessel held for sale																							11,515,000	12,300,000																																																				20,754,000		2,500,000
advances on newbuilding contracts																										86,942,000	172,248,000	349,169,000																	1,008,519,000		731,001,000	706,965,000	706,965,000	741,637,000	692,675,000	590,114,000	444,173,000		507,908,000	347,393,000	347,393,000	345,445,000	261,335,000	197,987,000	167,386,000	215,407,000	176,680,000	138,212,000	196,080,000	231,220,000	553,702,000	693,292,000	693,292,000	682,178,000	617,066,000	942,046,000	429,171,000	429,171,000	366,092,000	382,659,000	365,257,000	287,190,000	207,435,000		117,254,000
net investment in direct financing leases																							561,437,000	564,685,000		575,163,000	577,696,000	10,453,000		9,884,000	9,683,000		151,285,000	154,759,000	24,015,000	25,095,000	24,314,000	26,542,000	25,959,000	25,260,000	24,574,000	20,823,000	24,266,000	23,641,000	21,716,000	21,545,000	17,116,000	12,556,000	12,556,000	12,176,000	12,303,000	14,698,000	17,292,000		23,171,000	24,461,000	24,461,000	25,445,000	26,126,000	26,791,000	27,043,000	27,313,000	27,661,000	27,210,000	33,217,000	33,620,000	22,941,000					83,618,000		88,722,000				95,116,000	98,909,000
investments in and loans to equity-accounted																							1,034,713,000	1,011,530,000
investments
accounts payable, accrued liabilities and other																							341,092,000		268,897,000
advances from equity-accounted investments																							24,895,000	27,607,000
derivative liabilities																							111,984,000	84,653,000	62,304,000	68,557,000	44,753,000	38,373,000	101,927,000	48,388,000	62,288,000	481,564,000	390,573,000	415,041,000	529,827,000	612,437,000	424,763,000	414,084,000	528,225,000	419,381,000	502,696,000	422,182,000	397,085,000	372,046,000	321,513,000	299,570,000	337,885,000	348,834,000	348,834,000	513,077,000	528,187,000	612,699,000	610,941,000	620,403,000	569,542,000	566,826,000	566,826,000	334,704,000	245,504,000	387,124,000	630,452,000	504,433,000	270,636,000	223,025,000	362,816,000
accounts payable and accrued liabilities and
accounts receivable, including non-trade of 9,512																									119,825,000
at cost, less accumulated depreciation of 1,307,855																									3,326,468,000
vessels related to finance leases, at cost, less accumulated amortization of 191,550																									2,233,989,000
net investment in direct financing leases – non-current																									558,857,000
current portion of derivative liabilities																									12,940,000			65,112,000		80,423,000	71,956,000		121,065,000	115,813,000	142,741,000	154,166,000	256,674,000	267,539,000	232,520,000	207,836,000	225,716,000	203,957,000	164,979,000	177,469,000	155,222,000	143,999,000	146,576,000	180,724,000	180,724,000	117,782,000	115,835,000	119,837,000	118,003,000		117,337,000	130,491,000	130,491,000	128,195,000	130,913,000	144,111,000	142,875,000	147,089,000	141,457,000	136,454,000	135,091,000	151,810,000	166,725,000
investment in equity-accounted investees																										1,131,534,000	1,151,343,000		1,129,297,000
intangible assets																										77,773,000	81,542,000		89,218,000			82,466,000																						132,494,000														256,070,000		267,769,000	259,952,000		221,296,000		274,035,000	280,559,000	237,213,000
goodwill																										43,690,000	43,690,000	43,690,000	43,690,000	43,690,000	43,692,000	176,630,000	176,630,000	176,630,000	176,630,000	176,631,000	176,630,000	168,571,000	168,571,000	168,571,000	168,571,000	168,571,000	168,572,000	168,572,000	168,572,000	166,539,000	166,539,000	166,539,000	166,539,000	166,539,000	166,539,000	166,539,000	166,539,000	166,539,000	166,539,000	166,540,000	166,540,000	203,191,000	203,191,000	203,191,000	203,191,000	203,191,000	203,191,000	203,191,000	203,191,000	203,191,000	203,191,000	491,911,000	491,911,000	447,323,000	434,590,000	430,471,000	344,233,000	344,233,000	266,718,000	266,718,000	171,253,000	170,897,000	169,590,000		87,079,000
accounts payable and accrued liabilities and other																										254,380,000	211,247,000		256,996,000
advances from affiliates																										75,292,000	73,109,000	64,100,000	48,441,000	49,100,000	79,208,000
restricted cash - current																												55,466,000																																												40,527,000		119,055,000	99,509,000	64,243,000	161,056,000
accounts receivable, including non-trade of 15,856																												171,196,000
current portion of loans to equity-accounted investees																												66,161,000		107,486,000	165,118,000						8,544,000	7,127,000	11,067,000	16,262,000		26,209,000
restricted cash - non-current																												34,627,000		68,543,000	74,301,000			129,576,000			116,549,000	114,619,000	70,232,000		48,982,000	85,698,000	498,537,000	499,108,000	498,898,000	497,984,000				494,979,000		496,309,000	526,705,000
at cost, less accumulated depreciation of 1,352,513																												3,365,283,000
vessels related to capital leases, at cost, less accumulated amortization of 75,059																												1,628,286,000
net investment in direct financing leases - non-current																												480,294,000		486,106,000	624,122,000		502,261,000	505,835,000	643,333,000	647,653,000	650,582,000	657,587,000	664,478,000	668,272,000	677,852,000	684,130,000	743,668,000	750,385,000	700,318,000	705,717,000				421,139,000		427,423,000	430,454,000
investment in and advances to equity-accounted investments																												1,299,551,000
intangible assets – net																												85,394,000		93,014,000	97,949,000		85,766,000	89,175,000	92,668,000	95,698,000	99,766,000	111,909,000	117,474,000	89,228,000	91,697,000	94,666,000	97,886,000	101,157,000	104,453,000		112,081,000	116,633,000	116,633,000				128,682,000																			269,816,000		221,296,000					270,964,000
current obligations related to capital leases																												90,828,000
long-term obligations related to capital leases																												1,261,370,000
accumulated other comprehensive income																												5,163,000																																							-82,061,000		-1,019,000			9,639,000		97,847,000				39,491,000			-4,801,000
advances on newbuilding contracts/conversions																													407,211,000			1,082,277,000																						316,176,000
investment in direct financing leases																													493,622,000			653,846,000																						453,478,000
other assets																													238,057,000			491,883,000																						191,898,000	2,672,000	2,815,000	2,815,000	6,367,000	2,538,000	2,616,000	9,804,000	8,509,000	6,977,000	12,919,000	41,233,000	30,077,000	33,794,000	893,160,000	67,481,000	840,898,000	881,988,000	47,147,000	904,672,000	22,162,000	672,723,000	515,242,000	467,648,000	284,809,000	82,512,000		26,757,000
restricted cash																														38,179,000	27,848,000		113,393,000	107,672,000	39,534,000	17,530,000	17,575,000	61,818,000	81,190,000	109,462,000	106,808,000	33,653,000	3,142,000	3,935,000	4,236,000	4,748,000	6,170,000	37,357,000	37,357,000	39,709,000	39,390,000	35,051,000	4,659,000		4,370,000	88,397,000	88,397,000	94,626,000	92,733,000	86,559,000	37,639,000	33,601,000	35,001,000	36,068,000	37,845,000	35,440,000	35,841,000					675,960,000		650,738,000				161,074,000	99,049,000		7,833,000
accounts receivable, including non-trade of 15,273																														159,859,000
at cost, less accumulated depreciation of 1,293,447																														3,491,491,000
vessels related to capital leases, at cost, less accumulated amortization of 51,290																														1,272,560,000
loans to equity-accounted investees and joint venture partners, bearing interest between nil and libor plus margins up to 1.25%																														146,420,000
current obligation related to capital leases																														114,173,000
current portion of in-process revenue contracts																														13,880,000	14,983,000		28,940,000	34,511,000	34,062,000	32,876,000	31,564,000	32,109,000	31,705,000	28,008,000	26,797,000	23,414,000	26,890,000	29,983,000	35,080,000	40,176,000	43,174,000	47,302,000	47,302,000	51,907,000	60,627,000	64,073,000	67,947,000		73,344,000	41,748,000	41,748,000	42,360,000	42,926,000	43,469,000	44,461,000	46,945,000	56,402,000	56,758,000	63,302,000	66,593,000	74,777,000		76,784,000			85,040,000		72,344,000
long-term obligation related to capital leases																														1,046,284,000
in-process revenue contracts																														24,313,000	27,635,000	103,884,000	81,843,000	88,179,000	95,546,000	103,491,000	111,569,000	118,690,000	126,264,000	133,790,000	140,924,000	149,998,000	156,409,000	129,833,000	134,772,000	139,676,000	150,859,000	160,964,000	160,964,000	170,964,000	180,964,000	190,542,000	204,786,000		235,296,000	121,757,000	121,757,000	132,012,000	142,313,000	152,637,000	163,504,000	172,591,000	174,523,000	187,602,000	200,935,000	216,769,000	243,088,000		285,989,000			226,805,000		234,630,000
redeemable non-controlling interest																																249,778,000	249,698,000	249,102,000	250,816,000	248,317,000	254,631,000	255,671,000	260,298,000	10,481,000	12,059,000	12,842,000	17,286,000	15,149,000	15,911,000	16,564,000	24,413,000	28,357,000	28,357,000	28,383,000	28,815,000	36,241,000	36,356,000	37,805,000	38,307,000	39,147,000	39,147,000	39,604,000	40,614,000	41,725,000	43,330,000	42,676,000	43,133,000
(accumulated deficit) retained earnings																														-135,892,000			-27,300,000
accounts receivable, including non-trade of 20,983																															137,461,000
at cost, less accumulated depreciation of 1,253,417																															2,946,312,000
vessels under capital leases, at cost, less accumulated amortization of 40,803																															874,670,000
loans to equity-accounted investees and joint venture partners, bearing interest between nil and libor plus margins up to 3%																															145,804,000		317,625,000	292,209,000	198,524,000	191,271,000	186,248,000
current obligation under capital leases																															115,690,000		81,780,000	40,353,000	67,669,000	62,973,000	64,024,000	4,546,000	60,245,000	61,354,000	62,456,000	4,422,000	64,637,000	65,716,000	93,613,000	31,668,000	157,649,000	160,284,000	160,284,000	162,897,000	70,272,000	168,060,000	170,610,000		47,203,000	168,694,000	168,694,000	271,940,000	270,945,000	267,382,000	44,750,000	39,568,000	40,942,000	41,016,000	44,739,000	149,285,000	147,616,000		41,925,000			157,124,000		34,891,000				158,425,000	86,107,000
long-term obligation under capital leases																															739,532,000		518,399,000	352,486,000	329,287,000	166,270,000	167,857,000	54,581,000				59,128,000	473,370,000	499,458,000	472,990,000	566,661,000	472,621,000	472,440,000	472,440,000	472,260,000	567,302,000	471,912,000	471,736,000		599,844,000	566,214,000	566,214,000	471,072,000	470,910,000	470,752,000	732,147,000	725,922,000	736,002,000	743,254,000	779,626,000	668,587,000	669,725,000		830,639,000			728,603,000		839,940,000
retained earnings																															-93,802,000			22,893,000	34,027,000	31,892,000	106,215,000	158,898,000	157,063,000	371,321,000	323,864,000	355,867,000	351,643,000	346,385,000	411,260,000	435,217,000	499,690,000	563,120,000	563,120,000	618,956,000	648,224,000	753,560,000	696,831,000		792,682,000	695,084,000	695,084,000	1,028,684,000	1,157,117,000	1,313,934,000	1,227,690,000	1,398,106,000	1,566,592,000	1,585,431,000	1,563,713,000	1,702,019,000	1,507,617,000		2,096,949,000			2,044,290,000		2,084,787,000				1,779,610,000	1,969,098,000	1,087,367,000	935,660,000
cash and cash equivalents - teekay offshore																																212,267,000
restricted cash - teekay offshore																																99,720,000
vessels and equipment - teekay offshore																																3,997,446,000
investment in equity accounted investees																																978,266,000																						424,269,000
accounts payable and accrued liabilities																																449,839,000																						382,469,000														438,867,000		426,990,000	346,765,000		277,368,000		268,228,000	311,088,000	185,384,000
current portion of long-term debt - teekay offshore																																891,558,000
long-term debt - teekay offshore																																2,252,561,000
stockholders of teekay																																804,842,000																						1,398,295,000
net debt - teekay offshore																																2,832,132,000
accounts receivable, including non-trade of 31,717																																	296,501,000
at cost, less accumulated depreciation of 3,422,163																																	7,535,824,000
vessels under capital leases, at cost, less accumulated amortization of 73,524																																	680,430,000
accounts receivable, including non-trade of 33,924																																		295,357,000
at cost, less accumulated depreciation of 3,294,021																																		7,666,975,000
vessels under capital leases, at cost, less accumulated amortization of 69,072																																		484,253,000
accounts receivable, including non-trade of 19,539																																			308,351,000
at cost, less accumulated depreciation of 3,220,943																																			7,871,788,000
vessels under capital leases, at cost, less accumulated amortization of 64,971																																			488,245,000
accounts receivable, including non-trade of 15,968																																				363,783,000
at cost, less accumulated depreciation of 3,107,437																																				7,953,534,000
vessels under capital leases, at cost, less accumulated amortization of 61,087																																				289,797,000
accrued liabilities																																				410,084,000	380,308,000	412,278,000	382,633,000	382,086,000	407,836,000	394,759,000	422,911,000	410,502,000	403,329,000	466,824,000	412,322,000	418,956,000	418,956,000	306,564,000	363,218,000		298,997,000		394,586,000	335,517,000	335,517,000	367,247,000	369,142,000	377,119,000	304,794,000	285,503,000	262,316,000	321,890,000	277,822,000	240,859,000	315,987,000		347,135,000			223,971,000		212,027,000				124,222,000	112,402,000		51,011,000
accounts receivable, including non-trade of 19,413																																					443,487,000
current portion of derivative assets																																					990,000						17,109,000	18,433,000	20,041,000	23,040,000	21,879,000	23,406,000	23,406,000	20,907,000	31,669,000	21,638,000	20,383,000		24,712,000	24,440,000	24,440,000	40,281,000	41,293,000	27,215,000	26,266,000	18,139,000	28,573,000	29,996,000
at cost, less accumulated depreciation of 2,987,688																																					8,171,918,000
vessels under capital leases, at cost, less accumulated amortization of 58,362																																					292,145,000
derivative assets																																					9,736,000	17,844,000	13,771,000	18,376,000	10,967,000	14,415,000	120,302,000	113,550,000	108,651,000	69,797,000	86,035,000	96,583,000	96,583,000	123,758,000	148,581,000	155,847,000	147,319,000	147,565,000	140,557,000	138,969,000	138,969,000	64,332,000	46,301,000	55,983,000	109,203,000	75,762,000	19,471,000	18,119,000	58,249,000
accounts receivable, including non-trade of 12,305																																						395,013,000
at cost, less accumulated depreciation of 2,894,097																																						8,460,500,000
vessels under capital leases, at cost, less accumulated amortization of 56,316																																						88,215,000
loans to equity-accounted investees and joint venture partners, bearing interest between nil to libor plus margins up to 3%																																						184,390,000
accounts receivable, including non-trade of 10,084																																							344,387,000
at cost, less accumulated depreciation of 2,917,458																																							8,539,829,000
vessels under capital leases, at cost, less accumulated amortization of 54,937																																							89,799,000
loans to equity-accounted investees and joint venture partners, bearing interest between nil to 8%																																							182,341,000	218,192,000		227,217,000
accounts receivable, including non-trade of 15,112																																								373,495,000
at cost, less accumulated depreciation of 2,843,333																																								8,049,166,000
vessels under capital leases, at cost, less accumulated amortization of 53,612																																								89,040,000
accounts receivable, including non-trade of 34,603																																									361,290,000
current portion of loans to equity accounted investees																																									28,128,000		19,586,000	21,634,000	27,986,000	37,019,000	7,002,000	2,743,000	2,743,000	145,374,000	139,183,000	118,000,000	103,000,000
at cost, less accumulated depreciation of 2,699,832																																									7,898,984,000
vessels under capital leases, at cost, less accumulated amortization of 52,284																																									90,500,000
loans to equity accounted investees and joint venture partners, bearing interest between nil to 8%																																									219,013,000		228,486,000	133,526,000	131,257,000	132,229,000
equity accounted investments																																									847,408,000		854,669,000	807,700,000	767,377,000	690,309,000	644,329,000	621,484,000	621,484,000	642,598,000	480,043,000	453,143,000	436,486,000		252,637,000
accounts receivable, including non-trade of 49,707																																										378,193,000
current portion of investment in term loans																																														211,579,000				183,018,000	117,820,000	117,581,000
at cost, less accumulated depreciation of 2,627,499																																										6,307,971,000
vessels under capital leases, at cost, less accumulated amortization of 50,898																																										91,776,000
long-term debt, including amounts due to joint venture partners of nil																																										6,082,364,000
consolidation of variable interest entities
accounts receivable, including non-trade of 92,110																																											404,660,000
at cost, less accumulated depreciation of 2,413,900																																											5,879,069,000
vessels under capital leases, at cost, less accumulated amortization of 158,500																																											498,837,000
long-term debt, including amounts due to joint venture partners of 13,282																																											6,050,349,000	6,076,766,000	5,302,809,000	5,113,045,000	5,342,938,000	4,800,145,000	4,800,145,000	5,025,864,000	4,762,303,000	4,565,077,000	4,963,354,000		5,042,997,000					4,155,556,000
accounts receivable, including non-trade of 100,009																																												559,047,000
at cost, less accumulated depreciation of 2,324,470																																												5,894,500,000
vessels under capital leases, at cost, less accumulated amortization of 159,701																																												530,195,000
accounts receivable, including non-trade of 91,347																																													502,277,000
at cost, less accumulated depreciation of 2,229,920																																													6,054,489,000
vessels under capital leases, at cost, less accumulated amortization of 154,153																																													535,700,000
accounts receivable, including non-trade of 109,114																																														528,594,000
at cost, less accumulated depreciation of 2,135,780																																														6,012,940,000
vessels under capital leases, at cost, less accumulated amortization of 152,020																																														571,692,000
advances on new building contracts																																														766,512,000
investment in term loans																																															180,987,000	188,895,000	188,895,000		68,114,000	70,000,000	187,347,000	187,091,000	186,844,000	186,629,000	186,629,000	186,418,000	186,184,000	116,014,000	115,775,000
intangible assets - net																																														107,898,000				121,376,000		124,870,000																										242,902,000
accounts receivable, including non-trade of 179,693																																															557,687,000
vessels held for sale																																																6,800,000	6,800,000		22,364,000	8,000,000	14,961,000	19,000,000	19,000,000								16,725,000	10,250,000	34,637,000	34,970,000	69,649,000	18,203,000	18,203,000	42,704,000	129,318,000				88,789,000				66,214,000
restricted cash—non-current																																															497,021,000	495,714,000	495,714,000		494,429,000				495,784,000	492,987,000	492,987,000
at cost, less accumulated depreciation of 2,142,006																																															6,198,111,000
vessels under capital leases, at cost, less accumulated amortization of 150,274																																															607,026,000
net investment in direct financing leases—non-current																																															562,539,000	417,858,000	417,858,000		424,298,000				436,737,000	442,413,000	442,413,000
loans to joint ventures and joint venture partners, bearing interest between nil to 8.0%																																															172,006,000	177,111,000	177,111,000
advances from equity accounted investees																																															4,625,000	5,941,000	5,941,000	8,305,000
common stock and additional paid-in capital (0.001 par value...
70,815,678 shares outstanding																																															706,093,000
accounts receivable, including non-trade of 170,407																																																548,896,000	548,896,000
at cost, less accumulated depreciation of 2,196,020																																																6,130,009,000	6,130,009,000
vessels under capital leases, at cost, less accumulated amortization of 144,636																																																612,633,000	612,633,000
accounts receivable, including non-trade of 93,670																																																		536,250,000
at cost, less accumulated depreciation of 1,914,190																																																		5,954,511,000
vessels under capital leases, at cost, less accumulated amortization of 139,034																																																		618,238,000
loans to joint ventures and joint venture partners, bearing interest between 4.4% to 8.0%																																																		103,916,000		65,404,000	51,781,000			34,809,000	34,809,000	32,971,000	33,500,000	32,750,000
accounts receivable, including non-trade of 83,046																																																			491,656,000
at cost, less accumulated depreciation of 1,976,257																																																			6,004,324,000
vessels under capital leases, at cost, less accumulated amortization of 133,228																																																			624,059,000
loans to equity accounted investees and joint venture partners, bearing interest between 4.4% to 8%																																																			67,720,000
intangible assets—net																																																			126,136,000				136,742,000	141,632,000	141,632,000
loan from affiliates																																																			4,064,000
accounts receivable, including non-trade of 65,055																																																				404,288,000
at cost, less accumulated depreciation of 2,178,761																																																				6,490,913,000
vessels under capital leases, at cost, less accumulated amortization of 186,488																																																				661,135,000
deferred income tax asset																																																				20,803,000	23,476,000		22,316,000	13,148,000	13,148,000	14,920,000	17,268,000	17,001,000	11,959,000	16,529,000	6,765,000
accrued liabilities including related party balance of 6,371																																																				319,455,000
asset retirement obligation																																																				23,298,000	22,213,000		21,150,000	24,321,000	24,321,000	24,591,000	24,092,000	23,018,000	22,752,000	21,238,000	21,172,000	22,092,000	22,000,000	22,238,000	18,977,000		25,506,000			22,456,000		22,042,000
accounts receivable, including non-trade of 24,635																																																					375,957,000
at cost, less accumulated depreciation of 2,403,707																																																					6,528,607,000
vessels under capital leases, at cost, less accumulated amortization of 178,934																																																					668,651,000
restricted cash – long-term																																																						526,901,000																663,471,000	652,717,000		650,738,000
long-term debt—variable interest entity																																																						220,450,000
in process revenue contracts																																																						290,863,000
accounts receivable, including non-trade of 38,120																																																							353,659,000
at cost, less accumulated depreciation of 2,375,604																																																							6,678,899,000
vessels under capital leases, at cost, less accumulated amortization of 163,939																																																							681,554,000
loans to equity accounted investees and joint venture partners, bearing interest between 4.4% to 8.0%																																																							85,248,000
loans from equity accounted investees
accounts receivable, including non-trade of 26,169																																																								263,232,000	263,232,000
at cost, less accumulated depreciation of 2,235,736																																																								5,719,803,000	5,719,803,000
vessels under capital leases, at cost, less accumulated amortization of 197,831																																																								863,611,000	863,611,000
investment in joint ventures																																																								202,186,000	202,186,000	217,584,000	220,563,000	207,633,000	125,674,000	126,623,000	137,422,000	139,790,000	117,204,000	126,315,000	103,956,000		135,941,000			127,368,000		125,533,000				150,592,000	58,791,000		27,352,000
loans from joint venture partners																																																										14,500,000	14,500,000	59,000
long-term debt, including amounts due to joint venture partners of 13,383																																																								4,783,933,000	4,783,933,000		3,979,815,000
accounts receivable, including non-trade of 22,558																																																										267,112,000
restricted cash — non-current																																																										493,970,000	493,633,000	489,712,000	646,580,000	564,265,000
at cost, less accumulated depreciation of 2,160,465																																																										5,715,875,000
vessels under capital leases, at cost, less accumulated amortization of 189,089																																																										869,543,000
net investment in direct financing leases — non-current																																																										448,248,000	454,122,000	460,725,000	468,603,000	475,479,000	482,855,000	485,202,000	448,272,000	440,701,000	56,567,000		68,181,000
intangible assets — net																																																										146,471,000	151,306,000	155,893,000	181,007,000	200,181,000	206,437,000	213,870,000	238,392,000	246,640,000	264,768,000		256,070,000
long-term debt, including amounts due to joint venture partners of 13,384																																																										4,013,025,000
accounts receivable, including non-trade of 30,972																																																											283,303,000
at cost, less accumulated depreciation of 2,070,325																																																											5,618,789,000
vessels under capital leases, at cost, less accumulated amortization of 177,866																																																											872,396,000
accounts receivable, including non-trade of 35,960																																																												244,879,000
at cost, less accumulated depreciation of 1,997,411																																																												5,692,812,000
vessels under capital leases, at cost, less accumulated amortization of 172,113																																																												880,576,000
deferred income tax liability																																																															2,927,000
accounts receivable, including non-trade of 21,339																																																													195,765,000
advances to joint venture partner																																																													6,900,000	6,900,000
at cost, less accumulated depreciation of 1,907,501																																																													5,669,069,000
vessels under capital leases, at cost, less accumulated amortization of 163,537																																																													888,923,000
loans to joint ventures, bearing interest between 4.4% to 8.0%																																																													10,791,000						28,019,000
loan from joint venture partners																																																													44,000	30,000	130,000	1,294,000	1,990,000	21,274,000	21,019,000
long-term debt, including amounts due to joint venture partners of 13,664																																																													4,153,082,000
accounts receivable, including non-trade of 21,744																																																														247,844,000
at cost, less accumulated depreciation of 1,836,848																																																														5,655,150,000
vessels under capital leases, at cost, less accumulated amortization of 155,186																																																														891,748,000
loans to joint ventures, bearing interest between 4.4% to 6.5%																																																														19,022,000	20,384,000	21,998,000
long-term debt, including amounts due to joint venture partners of 13,500																																																														4,083,874,000
accounts receivable, including non-trade of 36,007																																																															248,251,000
restricted cash — long-term																																																															573,256,000	579,243,000	615,093,000	610,523,000	614,715,000	661,758,000	661,758,000
at cost, less accumulated depreciation of 1,760,671																																																															5,727,879,000
vessels under capital leases, at cost, less accumulated amortization of 146,850																																																															896,506,000
long-term debt, including amounts due to joint venture partners of 13,338																																																															4,287,951,000
accounts receivable, including non-trade of 19,521																																																																234,676,000
at cost, less accumulated depreciation of 1,673,380																																																																5,793,864,000
vessels under capital leases, at cost, less accumulated amortization of 138,569																																																																903,521,000
marketable securites																																																																18,904,000
long-term debt, including amounts due to joint venture partners of 16,410																																																																4,187,962,000
deferred income taxes																																																																5,112,000	16,803,000	6,244,000	6,182,000					94,453,000		106,276,000
at cost, less accumulated depreciation of 1,606,647																																																																	5,786,648,000
vessels under capital leases, at cost, less accumulated amortization of 130,499																																																																	908,040,000
loans to joint ventures																																																																	22,161,000	22,588,000			912,597,000			341,087,000
at cost, less accumulated depreciation of 1,516,538																																																																		5,736,758,000
vessels under capital leases, at cost, less accumulated amortization of 122,966																																																																		912,978,000
derivative instruments																																																																		37,279,000	154,248,000		41,493,000			136,403,000		223,729,000
accounts receivable, including non-trade of 46,422																																																																			300,462,000
at cost, less accumulated depreciation of 1,351,786																																																																			5,784,597,000
vessels under capital leases, at cost, less accumulated amortization of 106,975																																																																			928,795,000
liabilities and stockholders’ equity
stockholders’ equity																																																																				2,814,700,000		2,535,458,000	2,687,870,000		2,811,237,000		2,620,869,000	2,528,222,000	2,370,830,000
total stockholders’ equity																																																																			2,068,467,000		2,730,685,000			2,682,018,000		2,811,237,000				2,412,570,000	2,464,326,000		1,398,200,000
total liabilities and stockholders’ equity																																																																			10,215,001,000	10,769,380,000	11,257,262,000	10,406,382,000	10,060,153,000	9,625,703,000	9,410,727,000	9,410,727,000	8,440,976,000	7,733,476,000	6,098,705,000	5,738,117,000	5,352,349,000
restricted cash — current																																																																				53,067,000	53,067,000
other long-term liabilities / in process revenue contracts																																																																				792,472,000		834,662,000	737,754,000		625,248,000		693,677,000	720,080,000
minority interest																																																																				588,916,000	670,193,000	487,357,000	527,494,000	513,571,000	576,604,000	576,604,000	456,118,000	454,403,000	276,331,000	281,630,000	16,050,000		18,977,000
net investment in direct financing leases — current																																																																					21,727,000
at cost, less accumulated depreciation of 1,185,062																																																																					5,738,013,000
vessels under capital lease, at cost, less accumulated amortization of 90,095																																																																					926,140,000
deferred income tax																																																																					74,715,000
current cash and cash equivalents																																																																								296,637,000		292,332,000				287,228,000
net investment in direct financing leases - current																																																																								22,690,000		23,120,000				20,790,000	14,248,000
vessels under capital leases, at cost, less accumulated depreciation of 66,305																																																																								552,488,000
stockholders’ equity capital stock																																																																								617,783,000		619,910,000				589,183,000	531,350,000
additional paid-in capital																																																																								10,306,000		8,693,000				4,286,000
investment in and advance to omi corporation																																																																									899,894,000
vessels under capital leases, at cost, less accumulated depreciation of 58,190																																																																										950,043,000
investment in and advances to omi corporation																																																																										899,894,000
restricted cash - long-term																																																																											666,687,000	615,749,000	618,449,000
investment in petrojarl asa																																																																													355,936,000
prepaid expenses and other assets																																																																														126,629,000	70,151,000		22,139,000
vessels under capital leases, at cost, less accumulated depreciation of 47,430																																																																														702,562,000
obligation under capital leases																																																																														422,861,000	534,056,000
loan from joint venture partner																																																																														34,315,000
currentcash and cash equivalents																																																																															554,315,000
vessels under capital leases, at cost, less accumulated depreciation of 17,177																																																																															659,651,000
advances due from subsidiaries																																																																																382,420,000
other assets (principally marketable securities
and investments in subsidiaries)																																																																																1,871,003,000
liabilities & stockholders' equity
current liabilities																																																																																61,813,000
long-term debt and other long-term																																																																																633,708,000
liabilities
due (from)/to affiliates
stockholders' equity
capital stock																																																																																472,452,000	467,341,000
contributed capital
total stockholders' equity																																																																																1,559,819,000
at cost, less accumulated depreciation of 801,985																																																																																	1,925,844,000
liabilities and stockholders’ equity

Cashflow Statements:

Quarterly

Annual

Unit: USD	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-05-18	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-05-19	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-05-14	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-05-15	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-05-09	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-05-25	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2005-03-31

cash, cash equivalents and restricted cash from
operating activities
net income	81,500,000	62,106,000	110,250,000	147,763,000	114,977,000	84,125,000	148,408,000	169,913,000	143,825,000	80,856,000	18,078,000	-53,399,000	-16,848,000	9,580,000	-57,604,000	61,504,000	-45,132,000	-41,388,000	125,500,000	52,002,000	122,497,000	-175,908,000	-34,111,000	-61,464,000	-6,357,000	-1,763,000	-39,647,000	-9,980,000	-32,239,000	-383,065,000	-124,743,000	10,975,000	10,975,000					-39,200,000					43,852,000					49,122,000		-84,697,000			39,755,000								-105,350,000	12,745,000		-212,760,000	-145,419,000	13,931,000	77,259,000	-165,881,000								79,847,000	-156,949,000	279,046,000
non-cash and non-operating items:
depreciation and amortization	24,446,000	23,445,000	22,373,000	23,318,000	24,627,000	24,565,000	24,384,000	23,975,000	24,459,000	24,251,000	25,243,000	25,080,000	-70,585,000	58,839,000	59,244,000	58,586,000	60,926,000	64,352,000	62,936,000	72,917,000	71,083,000	73,633,000	73,849,000	72,107,000	71,069,000	69,967,000	67,960,000	67,311,000	63,116,000	136,942,000	142,741,000	143,030,000	143,030,000					144,157,000					112,704,000					103,458,000		109,114,000			102,494,000						110,590,000		105,236,000	105,038,000		109,194,000	111,234,000	108,230,000	115,320,000	107,111,000								49,849,000	46,558,000	54,083,000
gain on sale of assets		0	0	-11,601,000
other	913,000	-2,903,000	5,578,000	-1,756,000	580,000	-4,473,000	18,631,000	7,765,000	3,981,000	-4,821,000	-850,000	19,473,000												10,287,000								-14,006,000					-6,681,000					3,700,000							-25,623,000	-4,011,000	3,123,000	4,312,000	3,227,000	2,966,000	6,352,000	37,402,000	3,772,000	3,772,000	-5,455,000	-5,124,000	-5,256,000	-1,813,000								-20,579,000						-745,000
change in operating assets and liabilities:
change in other operating assets and liabilities		45,476,000	28,789,000	-26,600,000		35,885,000	13,557,000	-44,675,000	-23,032,000	-15,225,000	-38,876,000	-50,459,000	21,485,000	-1,718,000
expenditures for dry docking		-12,466,000	-6,446,000	-721,000		-3,976,000	-768,000	-1,465,000	-3,219,000	-7,416,000	-1,650,000	-2,138,000		-13,117,000	-14,461,000	-6,553,000		-4,015,000	-3,309,000	-2,299,000	-14,342,000	-12,116,000	-19,438,000	-14,712,000	-15,908,000	-16,345,000	-3,983,000	-8,454,000	-12,195,000	-20,065,000	-9,185,000	-9,454,000	-9,454,000					-5,761,000					-6,754,000					-13,474,000		-15,069,000			-15,883,000
net operating cash flow	60,580,000	115,658,000	160,544,000	130,403,000	137,605,000	136,126,000	204,292,000	155,433,000	143,874,000	68,368,000	2,178,000	-15,266,000	31,666,000	25,456,000	39,381,000	-20,517,000	89,881,000	118,443,000	336,734,000	438,959,000	127,180,000	77,202,000	73,770,000	105,154,000	144,376,000	-72,675,000	77,324,000	33,110,000	102,266,000	129,738,000	174,387,000	107,354,000	107,354,000	120,251,000	196,268,000	159,447,000	147,395,000	147,395,000	136,754,000	297,241,000	154,646,000	181,668,000	181,668,000	155,154,000	89,634,000	97,792,000	103,737,000	103,737,000	197,557,000	28,203,000	100,531,000	-33,707,000	-33,707,000	26,391,000	123,061,000	82,647,000	56,837,000	56,837,000	58,837,000	41,157,000	99,873,000	-92,674,000		126,589,000	125,533,000	94,781,000	69,951,000	69,032,000	91,427,000	72,993,000	33,047,000	84,151,000	65,755,000	86,947,000	140,017,000	156,585,000	68,511,000	173,745,000
financing activities
prepayment of obligations related to finance leases		0	0	-136,955,000		-57,182,000	-142,767,000	-164,252,000						-128,790,000							0
scheduled repayments of obligations related to finance leases	0	0	0	-5,213,000	-5,213,000	-7,235,000	-8,268,000	-13,397,000	-15,188,000	-15,102,000	-13,628,000	-6,718,000
distributions from subsidiaries to non-controlling interests	-5,928,000	-6,131,000	-55,052,000	-6,111,000	-6,226,000	-6,105,000
issuance of common shares upon exercise of stock options	536,000
repurchase of teekay corporation common shares		-35,356,000	0	-86,000	-4,055,000	-3,475,000	-28,338,000	-14,845,000
other financing activities	-201,000	-2,739,000	-3,252,000	710,000	0	-835,000	-561,000	-410,000		533,000	-332,000	-985,000	-5,000	-653,000	-326,000	-62,000	0	-4,000			0	0	-556,000	-24,000	-76,000	-29,000	-42,000	-524,000	29,685,000	-3,116,000			-14,006,000					-6,681,000					-1,473,000
net financing cash flow	-150,191,000	-65,377,000	-56,011,000	-144,869,000	-15,494,000	-74,832,000	-219,636,000	-214,088,000	-46,924,000	-37,950,000	7,960,000	-380,034,000	-44,941,000	-39,656,000	-63,741,000	-75,188,000	-123,955,000	-223,575,000	-497,507,000	-252,476,000	-54,104,000	28,880,000	-370,174,000	13,169,000	-13,678,000	232,842,000	65,166,000	150,456,000	526,185,000	79,880,000	-77,596,000	-110,585,000	-110,585,000	-165,767,000	-192,834,000	34,180,000	-230,884,000	-230,884,000	-6,722,000	483,393,000	76,730,000	371,056,000	371,056,000	203,791,000	64,312,000	445,640,000	13,018,000	13,018,000	150,235,000	430,306,000	195,322,000	90,714,000	90,714,000	241,214,000	17,360,000	48,868,000	-7,771,000	-7,771,000	421,941,000	425,563,000	108,933,000	20,208,000		88,803,000	-92,059,000	151,621,000	-52,039,000	43,312,000	383,225,000	266,929,000	517,071,000	272,880,000	790,826,000	263,515,000	192,625,000	346,710,000	-23,725,000	-320,089,000
investing activities
proceeds from sale of vessels and equipment	65,353,000	0	0	23,425,000					0	38,101,000	28,518,000	16,002,000	13,415,000	11,988,000	0	32,687,000	0	0	0	60,915,000									6,272,000	7,505,000	6,729,000	53,206,000	53,206,000	89,068,000	14,006,000	94,312,000	55,270,000		11,554,000			8,918,000	8,918,000	13,364,000					0			22,364,000		24,606,000		9,754,000	195,342,000	195,342,000	69,000	28,300,000	0	5,055,000		21,811,000	17,546,000	10,045,000	20,997,000	0	42,594,000	36,630,000	-15,322,000	95,822,000			0	8,904,000	-26,829,000	339,801,000
expenditures for vessels and equipment	-295,000	-695,000	-3,281,000	-570,000	-4,223,000	-3,275,000	-2,258,000	-442,000	-3,919,000	-4,097,000	-3,343,000	-4,071,000	19,059,000	-20,416,000	-11,986,000	-8,104,000		-5,644,000	-4,139,000	-8,685,000		-9,593,000	35,420,000	-124,540,000	-129,328,000	-249,116,000	-147,061,000	-168,287,000	-359,545,000	-328,604,000	-101,336,000	-264,567,000	-264,567,000	-104,222,000	-278,236,000	-90,629,000	-178,480,000	-178,480,000	-224,381,000	-698,246,000	-208,183,000	-665,091,000	-665,091,000	-316,842,000	-75,832,000	-495,958,000	-106,299,000	-106,299,000	-200,125,000	-233,612,000	-247,822,000	-72,196,000	-72,196,000	-109,627,000	-208,784,000	-158,475,000	-46,711,000	-46,711,000	-193,667,000	-202,771,000	-282,495,000	-76,112,000		-83,810,000	-47,732,000	-44,696,000	-63,607,000	-86,719,000	-117,578,000	-292,917,000	-359,773,000	-194,427,000				-129,033,000	-95,214,000	-61,587,000
vessel acquisition	0
deposit for vessel purchase
purchase of short-term investments										-25,000,000	0	-220,000,000
proceeds from short-term investments
other investing activities																	-3,553,000	0	0	-6,430,000				-255,000		3,118,000	3,193,000	2,367,000	-5,868,000	1,267,000				-16,838,000	5,777,000								3,700,000																179,000		-4,000	23,000		1,316,000	-494,000	-34,000	-21,316,000	-2,226,000
net investing cash flow	86,294,000	-47,816,000	33,952,000	85,066,000	-58,056,000	39,827,000	71,582,000	1,306,000	31,081,000	9,004,000	22,175,000	246,720,000		-8,428,000	-156,000	24,583,000	-2,583,000	8,262,000	9,582,000	47,800,000	-9,507,000	-36,209,000	122,984,000	-127,659,000	-83,522,000	-246,730,000	-176,855,000	-156,349,000	-636,282,000	-357,216,000	-37,336,000	-23,337,000	-23,337,000	-91,786,000	-87,846,000	-62,077,000	63,255,000	63,255,000	-241,339,000	-698,820,000	-208,002,000	-675,117,000	-675,117,000	-257,937,000	-196,950,000	-378,524,000	-147,423,000	-147,423,000	-351,548,000	-380,299,000	-235,294,000	-216,851,000	-216,851,000	-215,015,000	-219,257,000	-178,066,000	-28,905,000	-28,905,000	-564,054,000	-188,866,000	-278,582,000	-139,957,000		-164,405,000	-27,368,000	-33,551,000	-90,804,000	-89,613,000	-531,392,000	-226,922,000	-404,082,000	-352,726,000				-487,292,000	-121,820,000	273,622,000
increase in cash, cash equivalents and restricted cash	-3,317,000	2,465,000	138,485,000	70,600,000	64,055,000											-71,122,000								-9,336,000			-34,365,000	27,217,000
cash, cash equivalents and restricted cash, beginning of the period		0	0	480,771,000		0	0	316,706,000		0	0	265,520,000				405,890,000						0	0	505,639,000		0	0	552,174,000
cash, cash equivalents and restricted cash, end of the period		2,465,000	138,485,000	551,371,000		101,121,000	56,238,000	259,357,000		39,422,000	32,313,000	116,940,000		-22,628,000	-24,516,000	334,768,000						69,873,000	-173,420,000	496,303,000		-86,563,000	-34,365,000	579,391,000
supplemental cash flow information
the accompanying notes are an integral part of the unaudited consolidated financial statements.
gain on sale and write-down of assets
issuance costs, net of proceeds from long-term debt
prepayments of long-term debt					0	0			-22,456,000	-23,066,000	-75,051,000	-494,104,000	116,543,000	-100,000,000	-30,000,000	-121,543,000	-73,605,000	-336,834,000	-299,975,000	-1,002,414,000	-30,347,000	-15,000,000	-582,820,000	-176,581,000	-90,163,000	-385,750,000	-58,090,000	-237,824,000	-517,872,000	-181,109,000	-54,138,000	-78,782,000	-78,782,000	-339,967,000	-463,669,000	-137,239,000	-931,698,000	-931,698,000	-89,632,000	-70,000,000	-180,000,000	-215,199,000	-215,199,000	-544,579,000	-117,477,000	-539,413,000	-130,000,000	-130,000,000	-194,648,000	-119,354,000	-453,816,000	-250,000,000	-250,000,000	-5,034,000	-567,587,000	-134,462,000	-353,086,000	-353,086,000	-450,347,000	-89,077,000	-176,376,000	-165,407,000		-212,235,000	-131,970,000	-609,928,000	-479,648,000	-471,294,000		-232,111,000	-1,107,204,000	-140,672,000				0	98,213,000	-357,588,000
scheduled repayments of long-term debt						0	0	-21,184,000	0	-2,808,000	-2,807,000	-51,299,000	171,608,000	-26,695,000	-35,438,000	-120,704,000				-70,225,000		-54,836,000	-62,233,000	-54,877,000		-52,164,000	-106,932,000	-64,501,000	-72,207,000	-164,265,000	-221,995,000	-229,077,000	-229,077,000	-350,803,000	-120,309,000	-287,938,000	-208,096,000	-208,096,000	-497,437,000	-260,464,000	-171,581,000	-110,810,000	-109,337,000	-599,461,000	-74,949,000	-529,065,000	-84,451,000	-82,672,000	-476,424,000	17,558,000	-106,246,000	-122,736,000	-120,144,000	-53,365,000	-45,994,000	-104,184,000	-50,069,000	-50,069,000	-268,800,000	-55,049,000	-54,788,000	-68,662,000		-36,284,000	-68,664,000	-38,413,000	-42,781,000	24,243,000		-24,438,000	-118,573,000	-169,660,000				-3,998,000	38,871,000	-49,078,000
proceeds from short-term debt					0	0	25,000,000	25,000,000	0	60,000,000	51,000,000	23,000,000	15,000,000	10,000,000	15,000,000	10,000,000	0	30,000,000	70,000,000	135,000,000	75,000,000	60,000,000
prepayments of short-term debt					0	0	-25,000,000	-25,000,000	0	-75,000,000	-64,000,000	-20,000,000
purchase of teekay tankers common shares	-28,742,000				0	0			0	0	0	-5,269,000
cash dividends paid																					0	0	0	-5,523,000	-5,445,000	-5,601,000	-5,522,000	-5,514,000	-4,742,000	-4,742,000	-4,756,000	-4,737,000	-4,737,000	-4,739,000	-4,664,000	-4,006,000	-3,997,000	-3,997,000	-39,985,000	-39,986,000	-22,984,000	-22,926,000	-22,926,000	-22,927,000	-22,889,000	-21,721,000	-23,467,000	-23,467,000	-22,503,000	-22,480,000	-22,311,000	-22,971,000	-22,971,000	-21,991,000	-16,356,000	-23,516,000	-21,440,000	-21,440,000	-23,356,000	-23,652,000	-23,300,000	-23,172,000		-23,557,000	-23,059,000	-22,999,000	-22,947,000	-22,939,000								-15,451,000	-19,316,000	-11,290,000
repurchase of teekay common shares
decrease in short-term investments						41,102,000	71,940,000	1,748,000
purchase of marketable securities																																																																						-520,000	-19,900,000	-10,629,000
cash, cash equivalents and restricted cash, beginning of the year
cash, cash equivalents and restricted cash, end of the year
cash, cash equivalents, restricted cash and cash held for sale from
less: loss from discontinued operations									0			20,276,000
income from continuing operations					114,977,000	84,125,000	148,408,000	169,913,000	143,825,000	80,856,000
loss on bond repurchase
change in operating assets and liabilities																-85,735,000	6,862,000			-18,525,000	-46,552,000	23,302,000	2,132,000	16,295,000	26,670,000	-55,749,000	25,960,000	-11,635,000	34,009,000	51,097,000	53,670,000	-32,209,000	-32,209,000					-21,675,000					-33,206,000					-17,390,000		-1,439,000			-105,665,000						-35,925,000		31,303,000	-78,764,000		62,175,000	22,296,000	-48,279,000
net operating cash flow - continuing operations					137,605,000	136,126,000	204,292,000	155,433,000	143,874,000	68,368,000	2,178,000	-42,132,000
net operating cash flow - discontinued operations									0	0	0	26,866,000
issuance costs, net of proceeds from issuance of long-term debt
scheduled repayments of long-term debt and settlement of related swaps
proceeds from financings related to sale-leaseback of vessels, net of issuance costs
prepayments of obligations related to finance leases
sale of teekay tankers common shares									0
net financing cash flow - continuing operations					-15,494,000	-74,832,000	-219,636,000	-214,088,000	-46,924,000	-37,950,000	7,960,000	-380,034,000
net financing cash flow - discontinued operations
maturity
proceeds from the sale of the teekay gas business, net of cash sold										0	0	454,789,000
repayments by (advances to) equity-accounted joint venture
net investing cash flow - continuing operations					-58,056,000	39,827,000	71,582,000	1,306,000	31,081,000	9,004,000	22,175,000	246,720,000
net investing cash flow - discontinued operations
repayments from equity-accounted joint ventures
maturity of short-term investments		13,829,000	44,287,000	62,211,000
issuance of common stock upon exercise of stock options																																							53,000	6,000	907,000	251,000	251,000	1,621,000	9,172,000	9,652,000	34,720,000	34,720,000		2,959,000			4,128,000						414,000		1,309,000	3,862,000		190,000	463,000	1,974,000	1,655,000	192,000								5,242,000	-242,000	6,660,000
issuance of common stock upon exercise of stock options by teekay tankers				2,786,000
loss on sale and write-down of assets									0
asset retirement obligation extinguishment gain													0	0
proceeds from financings related to sale and leaseback of vessels, net of issuance costs
repayments from (advances to) equity-accounted joint ventures
loss on bond repurchases
proceeds from long-term debt																																																																												413,787,000	415,325,000	157,817,000
issuance costs related to long-term debt
repayments (advances to) from equity-accounted joint ventures
decrease in cash, cash equivalents and restricted cash							56,238,000	-57,349,000		39,422,000	32,313,000	-148,580,000					-36,657,000					69,873,000			47,176,000
write-down of assets												421,000
asset retirement obligation expenditures								-80,000						0	-499,000	-920,000	-2,251,000
proceeds from financings related to sales and leaseback of vessels, net of issuance costs
receipts from sales-type lease									-1,365,000
proceeds from issuance of long-term debt, net of issuance costs													-270,060,000	175,997,000	115,000,000	200,230,000	72,982,000	177,396,000	61,232,000	870,639,000	77,779,000	73,028,000	238,576,000	138,082,000	481,628,000	434,061,000	145,873,000	263,920,000	326,749,000	219,166,000			215,938,000					901,348,000					786,048,000					306,085,000		554,309,000			544,970,000
proceeds from financing related to sales and leaseback of vessels, net of issuance costs											112,778,000	175,341,000
purchase of short term investments
(advances to) repayments by equity-accounted joint venture
proceeds from sale of the teekay gas business, net of cash sold
increase in cash, cash equivalents, restricted cash and cash held for sale																			-151,191,000	234,283,000
cash, cash equivalents, restricted cash and cash held for sale, beginning of the year
cash, cash equivalents, restricted cash and cash held for sale, end of the year
prepayment of obligation related to finance leases
repurchase of common shares
(advance to) repayment from equity-accounted joint venture
cash, cash equivalents and restricted cash provided by
less: loss (income) from discontinued operations
(gain) loss on sale and write-down of assets
advance to equity-accounted joint venture
loss from continuing operations												-33,123,000
unrealized gain on derivative instruments												-2,140,000												5,642,000	59,247,000	-58,302,000	1,794,000	-37,309,000				-16,405,000	-16,405,000																																	49,763,000
equity loss												754,000																																																						2,666,000
less: income from discontinued operations
write-down and loss on sale													4,270,000		86,686,000	715,000				94,606,000
gain on commencement of sales-type lease																	0	0	0	-44,943,000
foreign currency exchange loss and other													9,717,000	-4,320,000			65,269,000	27,614,000				-21,142,000																										8,537,000
proceeds from sale of assets, net of cash sold
proceeds from repayments of advances to equity-accounted joint venture
decrease in cash, cash equivalents, restricted cash and cash held for sale													-22,104,000
unrealized loss on derivative instruments														-463,000				-5,171,000	-40,692,000	68,236,000																		-1,554,000					105,722,000					4,151,000		-32,711,000			21,886,000						-10,615,000					97,636,000
equity income, net of dividends received																												-26,369,000				-10,347,000	-10,347,000					-15,417,000					24,716,000					-27,494,000		-20,470,000			-27,315,000
receipts from direct financing and sales-type leases														3,823,000	3,995,000	3,290,000
prepayment of short-term debt														0			-10,000,000	-20,000,000	-115,000,000	-130,000,000	-75,000,000	-25,000,000
proceeds from financing related to sales and leaseback of vessels																												126,273,000	656,935,000
repayments of obligations related to finance leases														-20,232,000	-22,494,000	-23,935,000	-23,996,000	-23,973,000	-23,674,000	-23,488,000	-23,387,000	-26,631,000	-22,729,000	-23,199,000
repurchase of teekay lng common units																	0	0	0	-15,635,000	0	-13,673,000	-2,559,000	-9,497,000
distributions paid from subsidiaries to non-controlling interests														-21,348,000	-23,759,000	-19,174,000	-21,722,000	-22,562,000	-19,166,000	-16,353,000		-16,517,000	-16,573,000	-13,892,000	-15,552,000	-15,252,000	-14,048,000	-19,824,000		-24,330,000			-31,862,000					-26,038,000					-82,136,000					-96,125,000		-70,588,000
proceeds from repayments of advances to equity-accounted joint ventures														0
cash, cash equivalents, restricted cash and cash held for sale, beginning of the period														0					0	456,325,000
write-down and loss on sale of assets
equity income, net of dividends received 39,089
proceeds from the sale of assets, net of cash sold
(decrease) in cash, cash equivalents, restricted cash and cash held for sale
equity income, net of dividends received 28,589
unrealized (gain) loss on derivative instruments																-35,353,000																																													73,540,000	-148,468,000
equity (income) loss, net of dividends received																-20,657,000		-6,947,000							-15,930,000	-13,175,000																																									-22,385,000
foreign currency exchange gain and other																4,606,000				-55,086,000
unrealized (gain) loss on derivative instruments and loss on sale of warrants
equity (income) loss, net of dividends received and return of capital
expenditures for drydocking																																																													-14,318,000	-7,854,000		-16,151,000	-20,377,000	-3,695,000	-19,190,000	-32,572,000								-19,822,000	-1,767,000	-4,498,000
proceeds from financing related to sales-leaseback of vessels																						159,126,000			84,696,000
extinguishment of obligations related to finance leases
expenditures for vessels and equipment, net of warranty settlement
capital contributions and advances to equity-accounted joint ventures
direct financing lease payments received																		3,217,000	70,074,000	264,072,000		3,192,000	3,025,000	3,025,000								7,048,000	7,048,000				9,232,000	9,232,000				2,527,000	2,527,000					5,228,000		2,475,000			3,286,000						6,966,000		6,555,000	7,268,000		7,146,000	8,992,000	4,827,000	-1,051,000	-1,116,000
loan repayment by joint venture																		1,150,000	1,500,000	2,000,000
investment in equity-accounted investments																						-26,616,000	-12,691,000	-2,864,000	-12,643,000	-746,000	-8,025,000	-19,604,000					-13,535,000					-1,805,000
write-down and gain
income tax
change in non-cash operating assets and liabilities:
proceeds from financing related to sale-leaseback of vessels																								158,680,000
cash, cash equivalents, restricted cash and cash held for sale, end of the period																			-151,191,000	690,608,000
equity loss, net of dividends received																				4,187,000																																							7,065,000					16,010,000
income tax expense																				3,792,000				5,036,000	2,527,000	4,334,000	8,746,000	4,117,000	465,000	5,221,000	3,527,000	3,019,000	3,019,000					1,076,000										2,798,000		-662,000			2,500,000						-31,000		2,022,000	811,000					10,715,000	10,904,000
cash, cash equivalents, restricted cash and cash held for sale provided by
unrealized gain on derivative instruments and loss on sale of warrants																					-18,796,000	23,870,000
write-down and loss on sales of vessels																					-8,803,000	175,785,000			0	2,201,000
loss on deconsolidation of teekay offshore																									0	0	0	7,070,000
equity loss (income), net of dividends received																					-16,971,000	-13,414,000	16,550,000	68,661,000					15,443,000	6,244,000
foreign currency exchange (gain) loss including the effect of the termination of cross currency swaps
direct financing and sales-type lease payments received
net proceeds from equity issuances of subsidiaries																													164,409,000	0	-322,000	8,843,000	8,843,000						15,349,000	372,443,000	167,296,000	20,280,000	20,280,000	306,833,000
net proceeds from equity issuances of teekay corporation																									-2,000	0	-39,000	103,696,000
acquisition of shares in teekay tankers
distribution paid from subsidiaries to non-controlling interests																																																					-61,491,000		-61,538,000	-63,689,000	-57,420,000	-57,420,000
proceeds from sale of equity-accounted investments and related assets																					0	0
cash of tanker investments ltd. upon acquisition, net of transaction costs
cash of transferred subsidiaries on sale, net of proceeds received																									0	0	0	-25,254,000
cash of teekay offshore upon deconsolidation, net of proceeds received																													0
loans to joint ventures and joint venture partners
asset impairments																								3,328,000				13,000,000	-12,500,000	243,659,000													15,496,000										3,165,000
foreign exchange (gain) loss																								-3,051,000
proceeds from sale of equity-accounted investments
foreign exchange (gain) loss and other
repayments of obligations related to capital leases																									-20,558,000	-25,303,000	-13,573,000	-15,246,000
advances to joint ventures and joint venture partners																									23,000	14,000	-24,962,000	-9,000		19,893,000	-6,155,000	-26,314,000	-26,314,000																	1,292,000	-5,257,000	-36,195,000	-36,196,000								-51,000	-1,830,000
proceeds from sale of equity-accounted investment																									27,385,000	0	0	54,438,000
cash of tankers investments ltd. upon acquisition
unrealized foreign exchange (gain) loss and other
non-cash items:
unrealized foreign exchange loss and other																											-31,515,000	33,714,000		36,945,000								65,817,000					-73,320,000
proceeds from financings related to sale-leaseback of vessels
amortization of in-process revenue contracts																												-4,017,000	-4,651,000	-8,950,000	-6,450,000	-6,907,000	-6,907,000					-7,667,000					-4,904,000					-10,000,000		-14,233,000			-18,721,000						-13,835,000		-10,867,000	-10,867,000		-11,571,000	-11,389,000	-13,435,000	-19,258,000	-18,950,000
loss on sale of vessels																												5,662,000
cash and cash equivalents provided by
loss on sale of vessels and equipment																																4,427,000	4,427,000										-1,643,000																		118,000	193,000		2,403,000
unrealized foreign exchange gain and other																																21,225,000	21,225,000
decrease (increase) in restricted cash																																																																						2,651,000
distribution from subsidiaries to non-controlling interests																																-31,862,000		-37,494,000			-26,038,000		-103,023,000			-82,136,000		-114,968,000			-96,125,000		-73,671,000			-61,491,000		-63,908,000						-51,701,000	-53,174,000	-48,110,000		-39,862,000	-40,653,000	-33,083,000	-26,296,000	-30,553,000
investment in equity-accounted investees
(advances to) loan repayments from equity-accounted investees
increase in restricted cash																																									-37,596,000	-4,452,000	-4,452,000				-244,000	-244,000			1,835,000	-1,370,000	-1,370,000	-2,171,000	220,000	99,231,000	-130,872,000	-130,872,000		-953,000	249,000	-4,602,000				-428,000						65,897,000
cash of tankers investments ltd. upon acquisition, net of transaction costs
purchase of spt																																							0
decrease in cash and cash equivalents																																-26,568,000	-26,568,000				-20,234,000	-20,234,000				-122,393,000	-122,393,000				-30,668,000	-30,668,000	-3,756,000	78,210,000					-78,836,000
cash and cash equivalents, beginning of the year
cash and cash equivalents, end of the year
unrealized gains on derivative instruments
loss on sale of vessels, equipment and other operating assets																														7,926,000
deconsolidation loss
decrease in restricted cash																														85,276,000	-2,375,000	23,098,000	23,098,000	-76,463,000	-7,297,000	-9,597,000	44,278,000	44,278,000	10,587,000	-35,888,000				381,518,000	-180,000				734,000															-73,477,000														3,247,000
proceeds from sale-leaseback of vessels
increase in cash and cash equivalents																														-147,598,000				-137,302,000	-84,412,000				-111,307,000	81,814,000				101,008,000	-43,004,000							-159,844,000	-159,844,000				20,161,000	20,161,000	-83,276,000	277,854,000	-69,776,000	-212,423,000		50,987,000	6,106,000	212,851,000	-72,892,000	22,731,000	-56,740,000	113,000,000				26,800,000			-77,034,000	127,278,000
cash and cash equivalents, beginning of the period																														0	0	567,994,000	567,994,000		0	0	678,392,000	678,392,000		0	0	806,904,000	806,904,000		0	0	614,660,000	614,660,000		0	0	639,491,000	639,491,000		0	0	692,127,000	692,127,000		0	0	779,748,000		0	0	422,510,000		0	0	442,673,000		0	0	343,914,000	0	0	-190,053,000	427,037,000
cash and cash equivalents, end of the period																														-147,598,000	59,455,000	541,426,000	541,426,000		-84,412,000	131,550,000	658,158,000	658,158,000		81,814,000	23,374,000	684,511,000	684,511,000		-43,004,000	164,908,000	583,992,000	583,992,000		78,210,000	60,559,000	479,647,000	479,647,000		-78,836,000	-46,551,000	712,288,000	712,288,000		277,854,000	-69,776,000	567,325,000		50,987,000	6,106,000	635,361,000		22,731,000	-56,740,000	555,673,000		4,305,000	-78,382,000	370,714,000	40,683,000	16,003,000	-267,087,000	554,315,000
net proceeds from equity issuance of teekay corporation
investment in equity accounted investments																															-18,145,000	-13,535,000					-1,805,000					-7,005,000	-7,005,000		-13,861,000	-326,000	-50,322,000	-50,322,000
proceeds from sale-lease back of vessels																															76,405,000	220,825,000	220,825,000	0
cash and cash equivalents from
net proceeds from long-term debt																																215,938,000					901,348,000					786,048,000					306,085,000					544,970,000					535,476,000	535,476,000												561,918,000				588,782,000
repayments of capital lease obligations																																																-1,779,000		-2,635,000			-2,592,000						-85,420,000		-1,110,000	-1,172,000		-202,000	-1,032,000	-727,000	-30,299,000	-2,332,000								-2,559,000	-2,971,000	-1,956,000
investments in equity-accounted investees
loan (advances to) repayments from equity-accounted investees
asset impairments and loan loss provisions
equity contribution by joint venture partner																																							0	0				1,000,000	4,250,000			6,500,000		0			184,000
purchase of alp																																																-2,322,000
purchase of logitel
recovery in term loans
investment in cost accounted investment
net proceeds from equity and warrant issuances of subsidiaries
equity contribution from joint venture partner																																															6,500,000
net proceeds from equity issuance of teekay corporation shares
(advances) repayments to joint ventures and joint venture partners
net proceeds from equity and warrant issuances of subsidiaries to non-controlling interests
loan repayments from joint ventures and joint venture partners
proceeds from sale-lease back of a vessel																																				0	179,434,000	179,434,000
(advances to) repayments from equity accounted investees																																					-396,000
loss on sale of vessels, equipment and other assets																																						27,619,000
proceeds from sale of vessels and equipment and other																																						55,270,000												8,153,000			22,364,000
loan (advances) repayments to/from joint ventures and joint venture partners																																						-396,000
repayments from (advances to) equity accounted investees
investment in cvi ocean transportation ii inc.
gain on sale of vessels and equipment																																																																		239,000	-284,000	235,000
income tax (recovery) expense																																											-995,000																					8,572,000	-5,147,000	-7,307,000
recovery
loan repayments from (advances to) equity-accounted investees
investment in direct financing lease assets																																													0				-156,234,000															0	0	-4,199,000
gain on sale of vessels, equipment and other assets
asset impairments and loan loss recoveries
loan repayments (advances) from/to joint ventures and joint venture partners
repayments from equity accounted investees
asset impairments and loan loss
repayments from joint ventures and joint venture partners																																										15,916,000	15,916,000
recovery of (investment in) term loans
advances to equity accounted investees
acquisition of fpso units and sevan marine asa, net of cash acquired
advances to equity-accounted investees
write-down of vessels and equipment																																																											49,514,000		5,694,000	3,400,000		9,470,000	0	521,000	7,108,000	680,000
net proceeds from public offerings of teekay lng
net proceeds from public offerings of teekay offshore
investment in term loans																																																											404,000	0
repayments by (advances to) joint ventures and joint venture partners
direct financing lease payments received and other																																															2,906,000					3,285,000
gain on sale of vessels and equipment and other assets
loan loss
employee stock option compensation																																																3,867,000		2,648,000			-579,000											3,706,000	4,187,000	3,923,000	2,648,000	2,548,000								2,543,000
unrealized foreign exchange gain																																																													11,615,000	25,408,000
repayment of term loans																																														0	4,814,000	4,814,000
advances from (to) joint ventures and joint venture partners																																															1,478,000
loss on sale of vessels and equipment and other assets																																																162,000					32,000
asset impairments and provisions																																																		72,846,000
repayments (advances) to joint ventures and joint venture partners																																																1,478,000
repurchase of common stock																																																											-4,159,000	-34,376,000	-63,772,000	-19,888,000							0	-20,512,000	-30,173,000	-47,222,000				-35,427,000	-109,285,000	-67,618,000
net proceeds from public offerings of teekay tankers																																																									65,868,000	65,868,000
investment in joint ventures																																																		-4,391,000	-2,304,000	-134,109,000	-134,109,000		-8,254,000		-155,228,000	-155,228,000			-2,353,000	-4,191,000		-1,671,000	-161,000	-145,000	-138,000	234,000
goodwill impairment charge
write-down of equity accounted investments
bargain purchase gain
unrealized foreign exchange loss																																																					-38,603,000						-12,897,000
proceeds from issuance of long-term debt																																																											887,849,000		321,568,000	227,005,000		296,894,000	73,857,000	771,249,000	431,325,000	1,059,936,000
debt issuance costs																																																											-9,314,000		0	-1,320,000		-270,000	-2,973,000	-9,565,000	-7,893,000	-3,188,000
investment in equity accounted investees
proceeds from sale of marketable securities																																																							0	0	1,063,000	1,063,000											3,775,000	7,283,000	3,152,000	4,882,000
advances of loans from joint ventures and joint venture partners
net proceeds from issuance of teekay lng partners l.p. common units
net proceeds from issuance of teekay offshore partners l.p. common and preferred units
net proceeds from issuance of teekay tankers ltd. shares																																																											-51,092,000		1,000	107,233,000		0
repurchase of teekay tankers ltd. shares
net proceeds from issuance of teekay lng partners l.p. units																																																											226,867,000								91,901,000	0
net proceeds from issuance of teekay offshore partners l.p. units																																																											169,845,000					127,001,000	377,000	94,114,000	-89,000
loss on sale of marketable securities
purchase of sevan
gain on sale of marketable securities
loss on repurchase of notes
loan to joint ventures and equity accounted investees																																																									-29,820,000	-29,820,000
net loss
write-down for impairment of goodwill																																																											0
write-down of investment in joint ventures
advances to joint venture partners
repayment of loans from joint venture partner																																																													0	-59,000		14,000	-100,000	-1,164,000	-750,000	-18,417,000
investment in term loan																																																													-234,000	-70,170,000
net proceeds from the public offering of teekay lng
(advances) to/proceeds from loans to joint ventures and joint venture partners
write-down of intangibles and other
proceeds from loans to equity accounted investees
repayment of loans from equity accounted investees
acquisition, net of cash acquired of 50,230
write-down of intangible assets																																																																				0
share-based compensation																																																													83,000	13,891,000
proceeds from loans from joint venture partner																																																													0	14,500,000		591,000	0	591,000	58,000
loans to joint ventures
(gain) loss on sale of vessels and equipment
equity (income) loss																																																													6,053,000	-6,394,000
revenues
voyage expenses
net revenues
•
write-down of intangible assets and other
loss on repurchase of bonds																																																																0	537,000	12,108,000										0
foreign exchange loss
repayment (advances) to joint ventures and joint venture partner
foreign exchange and other
advances to joint ventures and joint venture partner
foreign exchange gain and other																																																																		-23,884,000
advances to joint ventures																																																																		651,000	-163,000	214,000
net proceeds from the public offerings of teekay lng
net proceeds from the public offering of teekay offshore
net proceeds from the public offering of teekay tankers
proceeds from sale of interest in swift product tanker pool
purchase of teekay petrojarl asa
net loans to joint ventures
write-down of marketable securities
unrealized (gains) losses on derivative instruments																																																																			-98,126,000
net proceeds from issuance of teekay tankers ltd. class a shares																																																																			0
purchases of marketable securities
purchase of 50% of omi corporation, net of cash acquired of 577
acquisition of additional 35.3% of teekay petrojarl asa
collections of loans from joint ventures
foreign exchange loss and other																																																																				29,129,000
change in non-cash working capital items related to operating activities																																																																				50,459,000								48,241,000	-29,239,000	-5,471,000
unrealized losses on derivative instruments
acquisition of additional 30.1% of teekay petrojarl asa
gain on sale of vessels and other
foreign exchange loss and other — net
distribution from subsidiaries to minority owners
repayments of long-term debt
net proceeds from sale of teekay offshore partners l.p. units
net proceeds from sale of teekay lng partners l.p. units
net proceeds from sale of teekay tankers ltd. shares
purchase of omi corporation, net of cash acquired of 577
purchase of petrojarl asa
purchase of 50% of omi corporation
loan to joint ventures																																																																						-3,085,000
equity income																																																																												1,118,000	879,000	1,327,000
income taxes																																																																													24,722,000	-13,898,000
employee stock-based compensation
proceeds from loan from joint venture partner
acquisition of 50% of omi corporation
purchase of omi corporation
unrealized foreign exchange loss and other – net
distribution by subsidiaries to minority owners																																																																												-9,050,000
capitalized loan costs																																																																												-5,132,000	-3,826,000	-283,000
repayment of loan from joint venture partner
investment in petrojarl asa
investment in joint venture																																																																												-2,201,000
investment in direct financing leases																																																																												-1,620,000
repayment of direct financing leases																																																																												4,793,000
(decrease) increase in cash and cash equivalents																																																																								4,305,000
writedown / (gain) on sale of vessels and equipment																																																																												-7,138,000
(increase)/decrease in restricted cash
net proceeds from the initial public offering of teekay offshore
settlement of interest rate swaps
purchase of teekay petrojarl asa, net of cash acquired of 71,728
loss from settlement of interest rate swaps
writeoff of capitalized loan costs
unrealized foreign exchange loss and other - net
loan from joint venture partner																																																																												1,729,000
(increase) decrease in restricted cash
net proceeds from sale of 22.3% of teekay lng partners l.p.
investment in subsidiaries from minority owners
loan to joint venture
increase (decrease) in cash and cash equivalents
income from settlement of interest rate swaps
unrealized foreign exchange gain and other - net
gain on sale of vessels																																																																														-101,853,000
unrealized foreign exchange (gain) loss and other – net																																																																														-34,991,000
deposit for purchase of teekay shipping spain s.l.
net investment in direct financing leases																																																																														-4,592,000
loss on disposition of vessels and equipment
gain on disposition of available-for-sale securities
future income taxes
other — net
change in non-cash working capital items related to operating activities
net cash flow from operating activities
proceeds from issuance of common stock
net cash flow from financing activities
proceeds from disposition of assets
expenditure for the purchase of ugland nordic shipping asa
acquisition costs related to purchase of ugland nordic shipping asa
net cash acquired through purchase of bona shipholding ltd.
acquisition costs related to purchase of bona shipholding ltd.
proceeds from disposition of available-for-sale securities
purchases of available-for-sale securities
net cash flow from investing activities
increase in cash and cash equivalents
cash and cash equivalents, end of the period

Teekay Corporation(NYSE:TK)

Teekay Corporation
(NYSE:TK)