Teekay Tankers 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 Tankers Ltd reported revenue of $951.8M (-22.6% year on year) and net income of $351.2M (-13.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $951.8M | $1.2B | $1.4B | $1.1B |
| Voyage expenses (note 8) | ($317.4M) | ($405.5M) | ($474.4M) | ($495.6M) |
| Vessel operating expenses (note 14a) | ($241.0M) | ($261.1M) | ($149.0M) | ($150.4M) |
| Time-charter hire expenses (note 10) | ($45.3M) | ($74.8M) | ($70.8M) | ($27.4M) |
| Depreciation and amortization | ($86.6M) | ($93.6M) | ($97.6M) | ($99.0M) |
| General and administrative expenses | ($46.6M) | ($46.6M) | ($45.9M) | ($41.8M) |
| Gain on sale and write-down of assets (note 15) | $99.7M | $38.1M | $10.4M | $8.9M |
| Restructuring charges (note 16) | ($5.6M) | ($5.6M) | ($1.2M) | ($1.8M) |
| Income from operations | $309.1M | $380.1M | $535.9M | $255.9M |
| Interest expense | ($2.9M) | ($7.5M) | ($27.7M) | ($35.7M) |
| Interest income | $29.7M | $24.1M | $10.2M | $1.3M |
| Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | $0 | $0 | $449.0K | $5.2M |
| Equity income and gain on distribution from equity-accounted investment | $9.6M | — | — | — |
| Other income (expense) (note 17) | $1.8M | $4.6M | $900.0K | $2.6M |
| Net income before income tax | $347.3M | $404.1M | $523.2M | $229.6M |
| Income tax recovery (expense) (note 18) | $3.9M | ($405.0K) | ($9.5M) | ($529.0K) |
| Net income | $351.2M | $403.7M | $513.7M | $229.1M |
| • Basic earnings per share | $10.15 | $11.73 | $15.04 | $6.74 |
| • Diluted earnings per share | $10.10 | $11.63 | $14.86 | $6.68 |
| • Basic (in shares) | 34.6M | 34.4M | 34.2M | 34.0M |
| • Diluted (in shares) | 34.8M | 34.7M | 34.6M | 34.3M |
| • Cash dividends declared (in dollars per share) | $2.00 | $3.00 | $1.75 | — |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $830.6M | $511.9M | $365.3M | $180.5M |
| Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Current | $22.0M | — | — | — |
| Restricted Cash - Current (note 16) | $692.0K | $3.7M | $691.0K | $3.7M |
| Marketable Securities, Current | $0 | $22.4M | — | — |
| Accounts receivable, net of allowance of $4.4 million (2024 - $5.3 million) | $82.8M | $82.4M | $99.9M | $116.7M |
| Assets held for sale (notes 15 and 22) | $26.8M | $0 | $11.9M | $0 |
| Due from affiliates, current | $2.8M | $5.2M | $130.0K | — |
| Bunker and lube oil inventory | $29.4M | $46.0M | $53.2M | $60.8M |
| Prepaid expenses | $17.0M | $12.8M | $12.3M | $10.2M |
| Accrued revenue (note 4) | $52.0M | $57.6M | $70.0M | $82.9M |
| Other Assets, Current | $15.4M | $5.9M | — | — |
| Total current assets | $1.1B | $747.9M | $613.5M | $459.5M |
| Restricted Cash - long-term (note 16) | $0 | $0 | $0 | $3.1M |
| At cost, less accumulated depreciation of $487.7 million (2024 - $570.9 million) (notes 9, 15 and 22) | $1.0B | $1.1B | $929.2M | $430.0M |
| Operating lease right-of-use assets (notes 10 and 15) | $38.2M | $52.2M | $76.3M | $42.9M |
| Property plant and equipment including operating lease right of use assets | $1.0B | — | — | — |
| Investment in and advances to equity-accounted joint venture (note 6) | $0 | $16.0M | $15.7M | $16.2M |
| Intangible Assets, Net (Including Goodwill) | $2.4M | — | — | — |
| Other Assets, Noncurrent | $121.1M | $23.0M | $6.7M | $3.5M |
| Total assets | $2.2B | $2.0B | $1.9B | $1.8B |
| Accounts Receivable, after Allowance for Credit Loss | $4.4M | $5.3M | $5.6M | $6.4M |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $487.7M | $570.9M | $440.9M | $171.8M |
| Accounts payable | $19.9M | $25.6M | $29.9M | $42.4M |
| Accrued liabilities (notes 8 and 16) | $84.7M | $75.7M | $43.7M | $47.5M |
| Current portion of operating lease liabilities (note 10) | $21.1M | $24.9M | $35.9M | $16.6M |
| Other current liabilities | $8.9M | $5.8M | $4.3M | $2.5M |
| Total current liabilities | $135.3M | $132.0M | $139.3M | $170.2M |
| Long-term operating lease liabilities (note 10) | $17.1M | $28.7M | $40.4M | $26.9M |
| Other long-term liabilities (notes 8, 16 and 18) | $45.7M | $56.7M | $48.9M | $44.0M |
| Total liabilities | $198.1M | $217.4M | $347.7M | $713.6M |
| Common stock, shares authorized (in shares) | 585.0M | 585.0M | 585.0M | 585.0M |
| Common Stock, Shares, Issued | 34.5M | 34.4M | 34.1M | 33.9M |
| Common Stock, Shares, Outstanding | 34.5M | 34.4M | 34.1M | 33.9M |
| Common shares and paid-in capital (585.0 million shares authorized, 29.9 million Class A and 4.6 million Class B shares issued and outstanding as at December 31, 2025 and 585.0 million shares authorized, 29.7 million Class A and 4.6 million Class B shares issued and outstanding as at December 31, 2024) (note 13) | 1.3B | 1.3B | 1.3B | 1.3B |
| Accumulated surplus | $729.0M | $447.1M | $220.0M | ($233.6M) |
| Total equity | $2.0B | $1.8B | $1.5B | $1.1B |
| Total liabilities and equity | $2.2B | $2.0B | $1.9B | $1.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $351.2M | $403.7M | $513.7M | $229.1M |
| Depreciation and amortization | $86.6M | $93.6M | $97.6M | $99.0M |
| Write-down / sale of vessels | ($99.7M) | ($38.1M) | ($10.4M) | ($8.9M) |
| Unrealized loss on derivative instruments (note 11) | $0 | $0 | $3.7M | ($3.2M) |
| Other | $5.9M | $6.6M | $6.1M | $4.2M |
| Change in operating assets and liabilities (note 20) | ($3.8M) | ($43.1M) | $27.2M | ($112.2M) |
| Expenditures For Dry Docking | ($20.6M) | ($28.5M) | ($16.2M) | ($14.4M) |
| Net operating cash flow | $305.9M | $471.9M | $626.1M | $193.3M |
| Proceeds from short-term debt | $0 | $0 | $50.0M | $134.0M |
| Prepayments of short-term debt | $0 | $0 | ($50.0M) | ($159.0M) |
| Proceeds from long-term debt (note 9) | $0 | $0 | $1.0M | $0 |
| Payments of Debt Issuance Costs | $0 | $0 | $4.5M | — |
| Prepayments of long-term debt (note 9) | $0 | $0 | ($1.0M) | ($267.6M) |
| Scheduled repayments of obligations related to finance leases | $0 | ($5.2M) | ($34.1M) | ($50.6M) |
| Prepayment of obligations related to finance leases | $0 | ($137.0M) | ($364.2M) | $0 |
| Proceeds from Issuance of Common Stock | $1.7M | $2.9M | — | — |
| Payments of Distributions to Affiliates | $0 | ($5.0M) | — | — |
| Payments of Dividends | ($69.0M) | ($102.8M) | $59.5M | — |
| Business combination, consideration transferred | $0 | ($92.2M) | — | — |
| Other | ($1.3M) | ($4.1M) | ($2.4M) | ($1.0M) |
| Net financing cash flow | ($68.5M) | ($343.4M) | ($464.8M) | ($113.0M) |
| Proceeds from sale of vessels (note 15) | $343.1M | $88.8M | $23.6M | $69.6M |
| Proceeds from equity method investment, net distributions | $25.2M | — | — | — |
| Payments to Acquire Assets, Investing Activities | $3.0M | $4.8M | — | — |
| Expenditures for vessels and equipment | ($190.3M) | ($70.5M) | ($10.2M) | ($15.4M) |
| Escrow Deposit Disbursements Related to Property Acquisition | ($99.0M) | — | — | — |
| Payments to Acquire Marketable Securities | ($2.3M) | ($21.0M) | — | — |
| Proceeds from Sale and Maturity of Marketable Securities | $26.3M | — | — | — |
| Net investing cash flow | $78.3M | ($5.1M) | $17.3M | $51.2M |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect, Discontinued Operation | $315.7M | — | — | — |
| Cash, cash equivalents and restricted cash, beginning of the year | $515.6M | $392.2M | $187.4M | $55.9M |
| Cash, cash equivalents and restricted cash, end of the year (note 20c) | $831.3M | $515.6M | — | — |
| Increase (Decrease) in Notes Receivable, Related Parties | $380.0K | $2.5M | $3.9M | ($3.0M) |
| Payments to Acquire Short-Term Investments | $83.0M | — | — | — |
| Proceeds from Sale of Short-Term Investments | $61.0M | — | — | — |
| Equity income and gain on distribution from equity-accounted investment | ($9.6M) | — | — | — |
| (Recovery) provision for uncertain tax position | ($11.8M) | — | — | — |
Teekay Tankers Ltd score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.