Vessels and equipment
2,325 2,654 3,363 3,491 7,667 8,461 6,308 5,983
Vessels related to capital leases, at cost, less accumulated amortization of $178,178 (2017 – $51,290) (note 10)
2,067 1,273 484 88 92 572 624 682 881
ASSETS
Current
Cash and cash equivalents (notes 11 and 19)
941 685 480 310 109 129 176 424 445 568 678 807 615 639 692 780
Short-term investments
32 10 173 210 0
Marketable Securities (notes 11 and 16)
0 22 0
Restricted cash – current (notes 11 and 19)
1 4 1 4 2 3 3 40 38 108 62 34 5 39 4 87
Accounts receivable, net of allowance of $4.4 million (2024 - $5.3 million)
83 83 118 141 60 143 200 174 160 295 395 378 529 492 360 256
Assets held for sale (notes 11 and 18)
176 22 19 0
Accrued revenue
52 58 70 83 45 51 107 20
Current portion of net investments in direct financing and sales-type leases, net (note 2)
15 274 13
Current portion of loans to equity-accounted investments (note 23)
8 169 107 9 7 26 37 139 50
Current portion of investment in term loans (note 4)
212 118
Current portion of derivative assets (note 15)
23 32 25 27
Bunker and lube oil inventory
29 46 53 61 49
Asset held for sale (notes 14 and 19)
27 0 12 0
Current portion of net investment in sales-type lease, net (note 2)
0 12 1
Assets held for sale (note 18)
0 44 33 65 0
Current assets - discontinued operations (note 23)
0 4,804 281 0 34 61 55 176
Net investment in direct financing leases (note 2)
13 10 155 27 21 22 12 23 27
Prepaid expenses
17 13 16 15 14 50 77 57 38 85 102 69 57 62 93 84
Other current assets (note 6)
15 6 0 17 9 3 3
Total current assets
1,197 927 922 824 5,139 690 1,143 898 833 1,281 1,320 1,335 1,675 1,555 1,259 1,263
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Restricted cash - non-current (notes 10 and 15)
41 69 130 115 86 498 494 496 490
Non-current
Restricted cash – non-current
0 0 0 3 3 3 5 41 69 130
Vessels and equipment (note 8)
At cost, less accumulated depreciation of $2,375,604 (2010 - $1,997,411)
6,679 5,693
At cost, less accumulated depreciation of $2,135,780 (2012 - $1,976,257)
6,013 6,004 6,701
At cost, less accumulated depreciation of $487.7 million (2024 – $570.9 million)
1,000 1,132 929 430 925 1,105 5,033 5,517 5,209 9,139 9,367 8,106 7,351 7,321 7,891 6,771
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Net investment in direct financing leases - non-current (note 2)
563 486 506 658 684 706 424 437 461
Marketable securities
8 21
Loans to equity accounted investees and joint venture partners, bearing interest between 4.4% to 8.0%
85 33
Loans to equity-accounted investees and joint venture partners, bearing interest between nil and LIBOR plus margins up to 1.25% (note 22)
146 292 184 227 132 68 35
Derivative assets (note 15)
18 14 70 149 141 56
Deferred income tax asset (note 21)
22 17
Investments in and loans to equity-accounted investments (notes 4, 16b and 22)
1,076 1,163 1,194 1,277 1,010 905
Net investment in direct financing and sales-type leases, net – non-current (note 2)
514 545 563
Vessels related to finance leases, at cost, less accumulated amortization of $0 (2023 – $92.4 million) (note 9)
0 229 823 412 451 2,219 2,067
Operating lease right-of-use assets (note 9)
38 52 76 43 14 32 160 0
Advances on newbuilding contracts and conversion costs
0 87 444 988 818 1,707 796 693 508 198
Net investment in sales-type lease, net – non-current (note 2)
0 0 14
Total vessels and equipment
1,039 1,184 1,235 1,296 1,351 1,588
Investment in and loan to equity-accounted investment (note 5)
0 16 16 16 13 29 1,174 1,194 1,335 1,300 1,084 873 690 480 241 208
Investment in term loans (note 4)
0 68 187 116
Goodwill, intangibles and other non-current assets
26 24
Goodwill, intangibles (note 6)
2 3 24 26 26 38 133
Non-current assets - discontinued operations (note 23)
0 4,585
Other non-current assets (note 6)
122 23 133 179 83 191 233 190 159 150 149 117
Intangible assets – net (note 6)
0 0 1 1 1 2 46 78 93 89 112 95 108 126 137 156
Goodwill
2 2 2 2 2 2 38 44 44 177 169 169 167 167 167 203
Total assets
2,360 2,153 2,197 2,165 6,532 6,946 8,073 8,392 8,092 12,815 13,061 11,780 11,556 11,002 11,138 9,912
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LIABILITIES AND EQUITY
Current
Accrued liabilities and other (note 7)
82 82 87 103 142 295 235 296 392 412
Short-term debt (note 7)
0 25 10 50 0
Loans from equity-accounted investments
17 19 75 49 12 12 5 2 4
Current portion of derivative liabilities (note 15)
12 80 116 268 204 144 116 117 144
Derivative Liability, Current
0 0 1 39 12
Current portion of long-term debt (note 7)
0 21 255 11 523 242 801 999 1,106 653 996 797 401 277
Current obligation related to capital leases (note 10)
102 114 40 5 4 32 70 47 267
Loans from equity accounted investees
0
Current portion of in-process revenue contracts
23 40 61
Current portion of in-process revenue contracts (note 5)
35 32 23
Current portion of in-process revenue contracts (note 6)
0 6 6 14 35 61 73 43
Finance Lease, Liability, Current
0 21 60 27 78 95 102
Accounts payable
20 26 34 47 41 119 135 31 24 54 64 85 98 111 93 46
Accrued liabilities (note 7)
85 76 3 78 94 123 412 395 467 367 395 377
Liabilities associated with assets held for sale (notes 8, 11 and 18)
2,878 3,118 168 0
Current portion of operating lease liabilities (note 9)
21 25 36 17 9 11 61 0
Current liabilities - discontinued operations (note 23)
0 2,878 532 3 0 1
Other current liabilities
9 6
Total current liabilities
135 133 173 232 3,339 903 1,164 686 1,365 1,646 1,887 1,364 1,946 1,523 1,127 1,155
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Long-term debt (note 8)
0 0 416 572 2,304 3,077 2,617 5,641 6,278 5,999 5,113 4,762 5,043 4,156
Long-term obligation related to capital leases (note 10)
1,572 1,046 352 55 59 567 567 600 471
Derivative liabilities (note 15)
0 1 52 56 48 415 414 422 300 528 570 387
Deferred income tax liability (note 21)
0
Asset retirement obligation
0 3 9 38 31 28 27 45 25 25 21 23
In-process revenue contracts
150 140 181 235 153
In-process revenue contracts (note 5)
88 119 150
In-process revenue contracts (note 6)
0 12 18 24 88 153
Finance Lease, Liability, Noncurrent
0 119 473 267 282 1,730 1,572
Long-term operating lease liabilities (note 9)
17 29 40 27 5 22 87 0
Other long-term liabilities (note 7)
46 57 64 64 73 109 216 189 136 333 352 383 272 220 221 195
Non-current liabilities - discontinued operations (note 23)
0 2,586
Total liabilities
197 218 396 795 4,099 4,475 5,501 5,525 5,213 8,476 9,105 8,378 8,336 7,782 7,796 6,539
Redeemable non-controlling interest (note 16e)
0 249 256 13 17 29 38 42
Equity
Common stock and additional paid-in capital ($0.001 par value; 725,000,000 shares authorized; 69 704,188 shares outstanding (2011 - 68,732,341); 70,203,388 shares issued (2011 - 74,391,691) (note 12)
682 661 673
Common stock and additional paid-in capital ($0.001 par value; 725,000,000 shares authorized; 86,056,804 shares outstanding and 86,056,804 shares issued (2024 – 84,059,952 shares outstanding and 85,163,078 shares issued)) (note 12)
880 877 945 1,022 1,054 1,057 1,052 1,046 919 887 775 771 714 682
Accumulated deficit
(155) (167) (213) (397) (513) (527) (547) (234) (136) 23 159 356 435 648 803 1,314
Non-controlling interest
1,438 1,225 1,068 746 1,917 1,990 2,090 2,058 2,102 3,190 2,782 2,290 2,071 1,876 1,864 1,354
Accumulated other comprehensive loss (note 1)
0 (2) (26) (49) (24) (2) (6) (11) (15) (28) (17) (15) (24) (8)
Total equity
2,163 1,935 1,800 1,370 2,432 2,471 2,572 2,867 2,880 4,089 3,701 3,389 3,203 3,191 3,304 3,332
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Total liabilities and equity
2,360 2,153 2,197 2,165 6,532 6,946 8,073 8,392 8,092 12,815 13,061 11,780 11,556 11,002 11,138 9,912
Supplemental Balance Sheet Elements
Accounts receivable, non-trade
1 2 13 8 15 34 16 50 109 83 38 36
Accounts Receivable, Related Parties, Current
0 2 57 16 26 66 39 16 9 3 0
Accounts Receivable, Allowance for Credit Loss
4 5
Accumulated depreciation
488 571 441 172 272 417 1,259 1,270 1,293 3,294 2,894 2,627 2,136 1,976 2,103 1,997
Sale Leaseback Transaction, Accumulated Depreciation
0 92 290 113 124 254
Common stock, share authorized (in shares)
725 725 725 725 725 725 725 725 725 725 725 725 725 725 725 725
Common Stock, Shares, Outstanding
86.1 84.1 91.0 98.3 102 101 101 100 89.1 86.1 72.7 72.5 70.7 69.7 68.7 72.0
Common stock, share issued (in shares)
86.1 85.2 92.4 102 102 101 101 100 89.1 86.1 72.7 73.3 71.5 70.2 74.4 73.7
Common stock, par value (in dollars per share)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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