Teekay Corp Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Teekay Corp Ltd reported revenue of $949.5M and net income of $352.0M (-12.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $949.5M | — | — | — |
| Voyage expenses | ($317.4M) | ($405.5M) | ($474.4M) | ($495.6M) |
| Vessel operating expenses | ($238.9M) | ($252.6M) | ($241.6M) | ($275.1M) |
| Charter hire expenses | ($45.3M) | ($74.8M) | ($70.8M) | ($27.4M) |
| Depreciation and amortization | ($86.6M) | ($93.6M) | ($97.6M) | ($99.0M) |
| General and administrative expenses | ($54.8M) | ($61.1M) | ($57.6M) | ($57.6M) |
| Gain on sale and write-down of assets (note 14) | $101.7M | $38.1M | $10.4M | $21.9M |
| Restructuring charges (note 15) | ($5.6M) | ($5.6M) | ($1.7M) | ($11.6M) |
| Income from operations | $302.8M | $365.2M | $531.7M | $245.8M |
| Interest income | $36.2M | $37.2M | $24.1M | $6.7M |
| Interest expense | ($2.9M) | ($7.5M) | ($28.0M) | ($38.6M) |
| Equity income and gain on distribution from equity-accounted investment | $9.6M | — | — | — |
| Other - net (note 16) | $1.7M | $4.3M | ($2.1M) | $4.8M |
| Income before income taxes | $347.4M | $402.0M | $529.6M | $211.1M |
| Income tax recovery (expense) (note 17) | $4.6M | ($405.0K) | ($12.2M) | ($1.4M) |
| Net income | $352.0M | $401.6M | $517.4M | $189.4M |
| Net income attributable to non-controlling interests (note 1) | ($253.9M) | ($267.8M) | ($366.8M) | ($111.0M) |
| Net income attributable to the shareholders of Teekay Corporation | $98.1M | $133.8M | $150.6M | $78.4M |
| • Basic income attributable to shareholders of Teekay Corporation | $1.14 | $1.47 | $1.59 | $0.77 |
| • Diluted income attributable to shareholders of Teekay Corporation | $1.13 | $1.42 | $1.54 | $0.76 |
| Dividends | $1.00 | $1.00 | — | — |
| Basic (shares) | 86.0M | 91.3M | 94.5M | 102.1M |
| Diluted (shares) | 86.7M | 93.3M | 96.6M | 104.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents (notes 11 and 19) | $940.7M | $685.3M | $480.1M | $309.9M |
| Short-term investments | $32.0M | $10.0M | $172.6M | $210.0M |
| Marketable Securities (notes 11 and 16) | $0 | $22.4M | — | — |
| Restricted cash – current (notes 11 and 19) | $692.0K | $3.7M | $691.0K | $3.7M |
| Accounts receivable, net of allowance of $4.4 million (2024 - $5.3 million) | $83.2M | $83.3M | $117.8M | $140.8M |
| Accrued revenue | $52.0M | $57.6M | $70.0M | $82.9M |
| Bunker and lube oil inventory | $29.4M | $46.0M | $53.2M | $60.8M |
| Asset held for sale (notes 14 and 19) | $26.8M | $0 | $11.9M | — |
| Prepaid expenses | $17.0M | $12.8M | $15.6M | $15.4M |
| Other current assets (note 6) | $15.4M | $5.9M | — | — |
| Total current assets | $1.2B | $927.1M | $921.9M | $823.6M |
| At cost, less accumulated depreciation of $487.7 million (2024 – $570.9 million) | $1.0B | $1.1B | $929.2M | $430.0M |
| Operating lease right-of-use assets (note 9) | $38.2M | $52.2M | $76.3M | $42.9M |
| Total vessels and equipment | $1.0B | $1.2B | $1.2B | $1.3B |
| Investment in and loan to equity-accounted investment (note 5) | $0 | $16.0M | $15.7M | $16.2M |
| Goodwill, intangibles (note 6) | $2.4M | — | $24.4M | $25.6M |
| Other non-current assets (note 6) | $121.8M | — | — | — |
| Total assets | $2.4B | $2.2B | $2.2B | $2.2B |
| Accounts payable | $20.0M | $25.7M | $34.0M | $47.4M |
| Accrued liabilities (note 7) | $84.7M | — | — | — |
| Current portion of operating lease liabilities (note 9) | $21.1M | $24.9M | $35.9M | $16.6M |
| Other current liabilities | $8.9M | — | — | — |
| Total current liabilities | $134.7M | $132.6M | $172.8M | $232.3M |
| Long-term operating lease liabilities (note 9) | $17.1M | $28.7M | $40.4M | $26.9M |
| Other long-term liabilities (note 7) | $45.7M | $56.7M | $64.0M | $63.5M |
| Total liabilities | $197.5M | $217.9M | $396.3M | $795.2M |
| 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) | 879.6M | 876.6M | 945.5M | 1.0B |
| Accumulated deficit | ($155.0M) | ($166.9M) | ($213.2M) | ($396.6M) |
| Non-controlling interest | $1.4B | $1.2B | $1.1B | $746.1M |
| Total equity | $2.2B | $1.9B | $1.8B | $1.4B |
| Total liabilities and equity | $2.4B | $2.2B | $2.2B | $2.2B |
| Accounts Receivable, Allowance for Credit Loss | $4.4M | — | — | — |
| Accumulated depreciation | $487.7M | $570.9M | $440.9M | $171.8M |
| Common stock, share authorized (in shares) | 725.0M | 725.0M | 725.0M | 725.0M |
| Common Stock, Shares, Outstanding | 86.1M | 84.1M | 91.0M | 98.3M |
| Common stock, share issued (in shares) | 86.1M | 85.2M | 92.4M | 102.1M |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | — | — |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $352.0M | $401.6M | $517.4M | $189.4M |
| Depreciation and amortization | $86.6M | $93.6M | $97.6M | $99.0M |
| Gain on sale and write-down of assets (note 14) | ($101.7M) | ($38.1M) | ($10.4M) | ($21.9M) |
| (Recovery) provision for uncertain tax position | ($11.8M) | — | — | — |
| Other | ($3.7M) | $1.8M | $22.5M | $5.1M |
| Increase (Decrease) in Other Operating Assets and Liabilities, Net | ($19.6M) | — | — | — |
| Net operating cash flow | $301.8M | $467.2M | $633.5M | $199.2M |
| Issuance costs, net of proceeds from issuance of long-term debt | $0 | $0 | ($3.5M) | — |
| Prepayments of long-term debt | $0 | $0 | ($1.0M) | ($614.7M) |
| Scheduled repayments of long-term debt and settlement of related swaps (note 8) | $0 | $0 | ($21.2M) | ($56.9M) |
| Proceeds from short-term debt | $0 | $0 | $50.0M | $134.0M |
| Prepayments of short-term debt | $0 | $0 | ($50.0M) | ($159.0M) |
| Prepayments of obligations related to finance leases | $0 | ($137.0M) | ($364.2M) | $0 |
| Scheduled repayments of obligations related to finance leases | $0 | ($5.2M) | ($34.1M) | ($50.6M) |
| Purchase of Teekay Tankers common shares (note 13) | 0 | -50.0M | -4.8M | -5.3M |
| Distributions from subsidiaries to non-controlling interests | ($47.7M) | ($73.2M) | $42.7M | — |
| Payments of Dividends | ($85.3M) | ($85.0M) | — | — |
| Repurchase of Teekay Corporation common shares | -4.9M | -66.3M | -50.7M | -15.4M |
| Proceeds from Issuance of Common Stock | $13.2M | $5.7M | — | — |
| Proceeds from (Payment for) Other Financing Activity | ($5.0M) | ($5.5M) | ($1.8M) | $0 |
| Net financing cash flow | ($129.8M) | ($416.4M) | ($524.0M) | ($456.9M) |
| Payments to Acquire Short-Term Investments | $93.0M | — | — | ($210.0M) |
| Proceeds from Sale of Short-Term Investments | $71.0M | — | — | — |
| Payments to Acquire Marketable Securities | ($2.3M) | ($21.0M) | — | — |
| Proceeds from Sale and Maturity of Marketable Securities | $26.3M | — | — | — |
| Proceeds from Sales of Business, Affiliate and Productive Assets | $345.2M | $88.8M | $23.6M | — |
| Payments to Acquire Property, Plant, and Equipment | ($190.3M) | ($70.5M) | ($10.2M) | ($15.4M) |
| Escrow Deposit Disbursements Related to Property Acquisition | ($99.0M) | — | — | — |
| Payments to Acquire Assets, Investing Activities | ($3.0M) | ($4.8M) | — | — |
| Proceeds from Divestiture of Interest in Joint Venture | $25.2M | — | — | — |
| Increase (Decrease) in Notes Receivable, Related Parties | $380.0K | $2.5M | $3.9M | ($3.0M) |
| Net investing cash flow | $80.4M | $157.5M | $54.7M | $309.0M |
| Increase in cash, cash equivalents and restricted cash | $252.4M | $208.2M | $164.1M | $51.2M |
| Cash, cash equivalents and restricted cash, beginning of the year | $689.0M | $480.8M | $316.7M | $265.5M |
| Cash, cash equivalents and restricted cash, end of the year | $941.4M | $689.0M | $480.8M | — |
Teekay Corp Ltd score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.