Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Teekay.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.22B | $1.46B | $1.19B | $682.51M | $1.82B | $1.92B | $1.71B | $1.88B | $2.33B | $2.45B |
| Cost of Revenue | $826.52M | $884.34M | $897.15M | $732.24M | $1.26B | $1.46B | $1.39B | $1.49B | $1.69B | $1.61B |
| Gross Profit | $393.86M | $580.63M | $293.03M | $-49.73M | $559.82M | $466.62M | $318.63M | $388.69M | $643.24M | $842.51M |
| Gross Profit Ratio | 32.27% | 39.63% | 24.62% | -7.30% | 30.83% | 24.27% | 18.66% | 20.67% | 27.62% | 34.38% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $61.06M | $57.59M | $57.55M | $74.39M | $79.23M | $81.44M | $96.56M | $106.15M | $119.89M | $133.18M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $61.06M | $57.59M | $57.55M | $74.39M | $79.23M | $81.44M | $96.56M | $106.15M | $119.89M | $133.18M |
| Other Expenses | $-32.45M | $-8.68M | $-7.88M | $-32.95M | $26.88M | $-14.47M | $-2.01M | $-3.98M | $-39.01M | $1.57M |
| Operating Expenses | $28.61M | $57.59M | $57.55M | $41.44M | $79.23M | $81.44M | $96.56M | $106.15M | $119.89M | $133.18M |
| Cost and Expenses | $855.13M | $933.25M | $954.70M | $773.67M | $1.34B | $1.54B | $1.49B | $1.60B | $1.81B | $1.74B |
| Interest Income | $37.22M | $24.13M | $6.69M | $169.00K | $8.34M | $7.80M | $8.53M | $6.29M | $4.82M | $5.99M |
| Interest Expense | $7.54M | $28.01M | $38.58M | $68.41M | $225.65M | $279.06M | $254.13M | $268.40M | $282.97M | $242.47M |
| Depreciation and Amortization | $93.58M | $97.55M | $99.03M | $106.08M | $131.38M | $290.67M | $276.31M | $485.83M | $571.83M | $509.50M |
| EBITDA | $503.15M | $655.14M | $348.67M | $-107.93M | $201.71M | $654.65M | $431.36M | $274.73M | $880.28M | $1.04B |
| EBITDA Ratio | 41.23% | 44.72% | 28.03% | -1.73% | 47.05% | 34.05% | 33.14% | 39.00% | 24.68% | 33.45% |
| Operating Income | $365.25M | $531.73M | $245.77M | $-185.35M | $593.15M | $363.98M | $164.32M | $6.70M | $384.29M | $625.13M |
| Operating Income Ratio | 29.93% | 36.30% | 20.65% | -27.16% | 32.67% | 18.93% | 9.62% | 0.36% | 16.50% | 25.51% |
| Total Other Income Expenses Net | $36.78M | $-2.14M | $-34.71M | $-97.07M | $-333.32M | $-510.90M | $-202.34M | $-523.54M | $-273.16M | $-236.44M |
| Income Before Tax | $402.02M | $529.59M | $211.05M | $-282.43M | $99.97M | $-124.72M | $-38.02M | $-466.84M | $111.13M | $388.69M |
| Income Before Tax Ratio | 32.94% | 36.15% | 17.73% | -41.38% | 5.51% | -6.49% | -2.23% | -24.83% | 4.77% | 15.86% |
| Income Tax Expense | $405.00K | $12.16M | $1.42M | $-4.96M | $8.99M | $24.26M | $19.72M | $12.23M | $24.47M | $-16.77M |
| Net Income | $133.77M | $150.64M | $209.64M | $-277.46M | $90.98M | $-148.99M | $-79.24M | $-151.72M | $-123.18M | $82.15M |
| Net Income Ratio | 10.96% | 10.28% | 17.61% | -40.65% | 5.01% | -7.75% | -4.64% | -8.07% | -5.29% | 3.35% |
| EPS | $1.45 | $1.58 | $2.05 | $-2.72 | $0.90 | $-1.48 | $-0.79 | $-1.76 | $-1.56 | $1.13 |
| EPS Diluted | $1.42 | $1.54 | $2.05 | $-2.72 | $0.90 | $-1.48 | $-0.79 | $-1.76 | $-1.56 | $1.12 |
| Weighted Average Shares Outstanding | 91.29M | 94.48M | 102.12M | 102.15M | 101.05M | 100.72M | 99.67M | 86.29M | 79.20M | 72.67M |
| Weighted Average Shares Outstanding Diluted | 93.28M | 96.64M | 102.12M | 102.15M | 101.05M | 100.72M | 99.67M | 86.34M | 79.21M | 73.19M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $685.33M | $480.08M | $309.86M | $108.98M | $348.79M | $353.24M | $424.17M | $445.45M | $567.99M | $678.39M |
| Short Term Investments | $32.44M | $172.60M | $210.00M | $12.01M | $14.83M | $273.99M | $12.63M | $9.88M | $154.76M | $26.54M |
| Cash and Short Term Investments | $717.77M | $652.68M | $519.86M | $108.98M | $348.79M | $353.24M | $424.17M | $445.45M | $567.99M | $678.39M |
| Net Receivables | $140.92M | $187.82M | $223.76M | $116.46M | $191.98M | $566.58M | $141.97M | $267.35M | $295.36M | $340.00M |
| Inventory | $45.99M | $53.22M | $60.83M | $-116.43M | $73.31M | $-524.21M | $-302.74M | $-233.67M | $-234.07M | $-346.69M |
| Other Current Assets | $22.37M | $28.23M | $19.16M | $4.91B | $369.25M | $222.11M | $328.18M | $110.03M | $323.51M | $301.26M |
| Total Current Assets | $927.06M | $921.95M | $826.74M | $5.13B | $721.11M | $894.62M | $844.89M | $786.65M | $1.02B | $1.23B |
| Property Plant Equipment Net | $1.18B | $1.23B | $1.30B | $1.35B | $4.48B | $5.03B | $5.52B | $5.21B | $9.14B | $9.37B |
| Goodwill | $24.00M | $2.40M | $24.59M | $24.44M | $38.06M | $38.06M | $43.69M | $43.69M | $176.63M | $168.57M |
| Intangible Assets | $300.00K | $700.00K | $1.05M | $1.49M | $36.50M | $45.92M | $77.77M | $93.01M | $89.17M | $111.91M |
| Goodwill and Intangible Assets | $24.30M | $3.10M | $25.65M | $25.94M | $74.56M | $83.98M | $121.46M | $136.70M | $265.81M | $280.48M |
| Long Term Investments | $16.00M | $15.73M | $16.20M | $24.96M | $1.60B | $1.92B | $1.71B | $1.63B | $1.67B | $1.59B |
| Tax Assets | $- | $- | $-25.65M | $-25.94M | $-74.56M | $-83.98M | $2.08M | $3.10M | $24.99M | $17.92M |
| Other Non-Current Assets | $- | $21.34M | $25.65M | $25.94M | $137.08M | $233.39M | $199.41M | $331.26M | $695.17M | $575.76M |
| Total Non-Current Assets | $1.22B | $1.27B | $1.34B | $1.40B | $6.22B | $7.19B | $7.55B | $7.31B | $11.80B | $11.83B |
| Other Assets | $1.49M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $2.15B | $2.20B | $2.16B | $6.53B | $6.95B | $8.08B | $8.39B | $8.09B | $12.81B | $13.06B |
| Account Payables | $25.71M | $33.95M | $47.37M | $41.08M | $119.28M | $135.50M | $31.20M | $24.11M | $53.51M | $64.21M |
| Short Term Debt | $28.14M | $58.93M | $100.16M | $318.87M | $113.29M | $752.36M | $419.54M | $1.04B | $1.15B | $1.40B |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $2.53M | $3.40M | $1.65M | $852.00K | $34.46M | $42.17M | $36.04M | $47.00M | $113.28M | $108.99M |
| Other Current Liabilities | $76.20M | $76.54M | $83.09M | $2.98B | $670.46M | $233.53M | $199.35M | $296.25M | $440.80M | $426.61M |
| Total Current Liabilities | $132.58M | $172.82M | $215.69M | $3.33B | $877.93M | $1.32B | $673.92M | $1.20B | $1.54B | $1.56B |
| Long Term Debt | $37.41M | $168.28M | $509.99M | $688.49M | $876.04M | $4.13B | $4.65B | $3.66B | $5.99B | $6.33B |
| Deferred Revenue Non-Current | $- | $- | $-42.48M | $- | $23.73M | $40.48M | $49.12M | $38.19M | $122.69M | $150.80M |
| Deferred Tax Liabilities Non-Current | $41.40M | $47.81M | $42.48M | $- | $-23.73M | $62.96M | $40.56M | $128.81M | $24.34M | $21.97M |
| Other Non-Current Liabilities | $6.55M | $7.38M | $52.97M | $72.51M | $2.67B | $165.62M | $140.27M | $184.76M | $836.46M | $885.15M |
| Total Non-Current Liabilities | $85.37M | $223.47M | $579.55M | $770.39M | $3.60B | $4.19B | $4.85B | $3.95B | $7.19B | $7.80B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $217.95M | $396.29M | $795.24M | $4.10B | $4.47B | $5.51B | $5.52B | $5.16B | $8.73B | $9.36B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $876.63M | $945.47M | $1.02B | $1.05B | $1.06B | $1.05B | $1.05B | $919.08M | $887.08M | $775.02M |
| Retained Earnings | $-166.87M | $-213.19M | $-396.61M | $-513.24M | $-527.03M | $-546.68M | $-234.40M | $-135.89M | $22.89M | $158.90M |
| Accumulated Other Comprehensive Income Loss | $- | $0 | $-1.97M | $-25.51M | $-48.88M | $-23.74M | $-2.27M | $-6.00M | $-10.60M | $-14.89M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $709.76M | $732.28M | $623.46M | $515.05M | $481.41M | $481.86M | $808.99M | $788.75M | $899.37M | $919.02M |
| Total Equity | $1.94B | $1.80B | $1.37B | $2.43B | $2.47B | $2.57B | $2.87B | $2.94B | $4.09B | $3.70B |
| Total Liabilities and Stockholders Equity | $2.15B | $2.20B | $2.16B | $6.53B | $6.95B | $8.08B | $8.39B | $8.09B | $12.81B | $13.06B |
| Minority Interest | $1.23B | $1.07B | $746.14M | $1.92B | $1.99B | $2.09B | $2.06B | $2.15B | $3.19B | $2.78B |
| Total Liabilities and Total Equity | $2.15B | $2.20B | $2.16B | $6.53B | $6.95B | $8.08B | $8.39B | $8.09B | $12.81B | $13.06B |
| Total Investments | $48.44M | $188.34M | $226.20M | $36.97M | $1.62B | $2.19B | $1.77B | $1.63B | $1.67B | $1.59B |
| Total Debt | $65.55M | $227.20M | $597.39M | $1.01B | $3.82B | $4.85B | $4.99B | $4.58B | $7.03B | $7.44B |
| Net Debt | $-619.78M | $-252.88M | $287.53M | $896.24M | $3.47B | $4.50B | $4.57B | $4.13B | $6.46B | $6.76B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $401.62M | $150.64M | $189.36M | $-277.46M | $90.98M | $-148.99M | $-57.75M | $-479.07M | $86.66M | $405.46M |
| Depreciation and Amortization | $93.58M | $97.55M | $99.03M | $106.08M | $261.13M | $290.67M | $276.31M | $485.83M | $571.83M | $509.50M |
| Deferred Income Tax | $- | $-4.30M | $-4.00M | $-3.28M | $8.99M | $25.48M | $19.72M | $12.23M | $24.47M | $-16.77M |
| Stock Based Compensation | $- | $- | $4.00M | $3.30M | $5.00M | $6.30M | $5.80M | $5.70M | $5.70M | $6.20M |
| Change in Working Capital | $39.70M | $6.34M | $-127.59M | $-65.55M | $99.17M | $-4.82M | $-14.75M | $106.57M | $38.33M | $-12.29M |
| Accounts Receivables | $35.23M | $23.04M | $-80.89M | $83.46M | $38.59M | $-38.81M | $-25.09M | $-1.93M | $96.50M | $-6.49M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-8.25M | $-13.42M | $6.29M | $-77.97M | $-6.58M | $104.58M | $8.93M | $-14.50M | $-10.71M | $-24.73M |
| Other Working Capital | $12.72M | $-3.29M | $-53.00M | $-71.03M | $67.16M | $-70.59M | $1.41M | $122.99M | $-47.46M | $18.92M |
| Other Non Cash Items | $-67.72M | $379.59M | $38.35M | $312.91M | $293.56M | $-43.53M | $-44.69M | $-77.86M | $-74.07M | $-98.47M |
| Net Cash Provided by Operating Activities | $467.19M | $629.82M | $199.15M | $75.99M | $984.02M | $383.31M | $182.13M | $513.75M | $624.63M | $770.33M |
| Investments in Property Plant and Equipment | $-70.50M | $-10.20M | $-15.43M | $-21.45M | $-26.51M | $-109.52M | $-693.79M | $-1.05B | $-650.30M | $-1.80B |
| Acquisitions Net | $2.50M | $23.56M | $451.79M | $58.09M | $-991.00K | $27.61M | $15.55M | $-85.92M | $-61.88M | $-87.56M |
| Purchases of Investments | $-21.04M | $- | $-210.00M | $-59.59M | $-4.65M | $-72.39M | $28.84M | $73.71M | $607.96M | $20.47M |
| Sales Maturities of Investments | $162.60M | $- | $- | $1.50M | $4.65M | $100.00M | $10.88M | $17.42M | $23.54M | $20.82M |
| Other Investing Activities | $83.94M | $41.30M | $82.62M | $28.62M | $90.56M | $3.91M | $-24.93M | $-5.33M | $-102.00M | $22.58M |
| Net Cash Used for Investing Activities | $157.50M | $54.66M | $308.98M | $7.17M | $63.06M | $-50.39M | $-663.46M | $-1.05B | $-182.69M | $-1.82B |
| Debt Repayment | $-142.17M | $-420.50M | $-459.12M | $-198.99M | $-470.53M | $-335.52M | $418.56M | $225.68M | $-475.02M | $853.33M |
| Common Stock Issued | $- | $- | $22.81M | $- | $- | $1.11B | $103.66M | $198.57M | $432.88M | $575.37M |
| Common Stock Repurchased | $-116.30M | $-55.48M | $-20.64M | $-4.75M | $-15.63M | $-25.73M | $1.83B | $-19.44M | $- | $- |
| Dividends Paid | $-85.02M | $- | $- | $-75.30M | $-31.76M | $-5.52M | $-22.08M | $-18.98M | $-17.41M | $-125.88M |
| Other Financing Activities | $-72.97M | $-48.07M | $- | $-21.92M | $-595.22M | $-41.19M | $38.31M | $77.61M | $-495.76M | $191.48M |
| Net Cash Used Provided by Financing Activities | $-416.45M | $-524.05M | $-456.95M | $-223.53M | $-1.10B | $-382.23M | $434.79M | $284.31M | $-552.34M | $924.44M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $7.13M | $- | $- | $- |
| Net Change in Cash | $208.23M | $164.06M | $51.19M | $-140.37M | $-50.44M | $-49.31M | $-46.53M | $-122.54M | $-110.40M | $-128.51M |
| Cash at End of Period | $689.00M | $480.77M | $316.71M | $265.52M | $405.89M | $456.32M | $505.64M | $445.45M | $567.99M | $678.39M |
| Cash at Beginning of Period | $480.77M | $316.71M | $265.52M | $405.89M | $456.32M | $505.64M | $552.17M | $567.99M | $678.39M | $806.90M |
| Operating Cash Flow | $467.19M | $633.46M | $199.15M | $75.99M | $984.02M | $383.31M | $182.13M | $513.75M | $624.63M | $770.33M |
| Capital Expenditure | $-75.34M | $-10.20M | $-15.43M | $-21.45M | $-26.51M | $-109.52M | $-693.79M | $-1.05B | $-650.30M | $-1.80B |
| Free Cash Flow | $391.84M | $623.26M | $183.72M | $54.54M | $957.51M | $273.78M | $-511.66M | $-540.31M | $-25.67M | $-1.03B |