Company Quick10K Filing
Teekay
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 100 $337
20-F 2019-04-01 Annual: 2018-12-31
20-F 2018-04-30 Annual: 2017-12-31
20-F 2017-04-12 Annual: 2016-12-31
20-F 2016-04-26 Annual: 2015-12-31
20-F 2015-04-29 Annual: 2014-12-31
20-F 2014-04-28 Annual: 2013-12-31
20-F 2013-04-29 Annual: 2012-12-31
20-F 2012-04-25 Annual: 2011-12-31
20-F 2011-04-14 Annual: 2010-12-31
20-F 2010-04-30 Annual: 2009-12-31

Teekay Financials

TK Metrics, Comps, Filings

Annual | Quarterly

Business

We are a leading provider of international crude oil and gas marine transportation services and through our strategic partnership in Teekay Offshore with Brookfield Business Partners L.P. and certain affiliates (collectively, Brookfield) we also offer offshore oil production, storage and offloading services. We generate revenue primarily under long-term, fixed-rate contracts with a diverse customer base of major energy and utility companies. Over the past 15 years, we have undergone a major transformation from being primarily an owner of ships in the cyclical spot tanker business to being an asset manager in the "Marine Midstream" sector. This transformation has included our expansion into the liquefied natural gas (or LNG) and liquefied petroleum gas (or LPG) shipping sectors through our publicly-listed subsidiary Teekay LNG Partners L.P. (NYSE: TGP) (or Teekay LNG), the continuation of our conventional tanker business through our publicly-listed subsidiary Teekay Tankers Ltd. (NYSE: TNK) (or Teekay Tankers), and further growth of our operations in the offshore production, storage and transportation sector through our ownership of TPO AS (formerly TPO Investments AS) and through our equity-accounted investment Teekay Offshore Partners L.P. (NYSE: TOO) (or Teekay Offshore).

The combined Teekay entities operate total assets under management of approximately $16 billion, comprised of approximately 205 liquefied gas, offshore, and conventional tanker assets (excluding vessels managed for third parties). With offices in 14 countries and approximately 8,000 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world's leading oil and gas companies. We are the world's third largest independent LNG carrier owner and operator and one of the world's largest owner and operator of mid-sized crude tankers. Teekay Offshore is the world's largest operator of shuttle tankers and fourth largest independent provider of leased floating production, storage and offloading (or FPSO) unit solutions. Our organizational structure can be divided into (a) our controlling interests in our publicly-listed subsidiaries, Teekay LNG and Teekay Tankers (or the Controlled Daughter Entities), our equity-accounted investment in Teekay Offshore (together with the Controlled Daughter Entities, the Daughter Entities), and (b) Teekay and its remaining subsidiaries, which is referred to herein as Teekay Parent.

Our business strategy across the Teekay Group is focused on the following:


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Navigator Holdings (NVGS) 513 0% 1,833 878 0 0 0 0 1,117
International Seaways (INSW) 506 0% 7.3 1% 1,865 870 373 0 12 159 1,150
Costamare (CMRE) 505 0% 3,051 1,694 0 0 0 0 1,655
Teekay Offshore Partners (TOO) 505 0% 5,312 3,853 0 0 0 0 3,413
Doriang (LPG) 478 0% 27.2 -1% 1,619 700 192 0 -24 41 1,115
Scorpio Bulkers (SALT) 399 0% -3.4 -19% 1,704 843 100 0 -324 -324 1,098
MCBC Holdings (MCFT) 382 24% 10.9 9% 249 176 466 113 21 45 490
Genco Shipping & Trading (GNK) 342 0% 7.9 -1% 1,564 552 381 0 -18 87 691
Teekay (TK) 337 0% 8,392 5,525 0 0 0 0 3,195
SEACOR Marine Holdings (SMHI) 335 32% 42.9 -7% 1,077 565 262 83 -77 17 708
Diana Shipping (DSX) 330 0% 1,188 560 0 0 0 0 713
Eagle Bulk Shipping (EGLE) 327 0% 8.9 0% 864 388 303 0 3 68 602
Nordic American Tankers (NAT) 288 0% 1,071 469 0 0 0 0 675
Teekay Tankers (TNK) 252 0% 2,161 1,214 0 0 0 0 934
Tsakos Energy Navigation (TNP) 230 0% 3,205 1,710 0 0 0 0 1,617
Safe Bulkers (SB) 181 0% 1,076 593 0 0 0 0 698
Ardmore Shipping (ASC) 161 0% 845 498 0 0 0 0 336
Overseas Shipholding Group (OSG) 158 0% 6.4 1% 1,057 724 346 0 8 68 437
Pangaea Logistics Solutions (PANL) 154 0% 5.0 4% 459 290 258 0 19 46 230
Danaos (DAC) 149 0% 2,680 1,989 0 0 0 0 1,694

Balance Sheet ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash7803163961580767856837
Accounts Receivable245354492529378395295160174
Inventory
PP&E6,7713227,3217,3518,1069,3679,1395,2095,517
Assets9,91136211,00211,55611,86413,06112,8158,0928,392
Accounts Payable4512111988564542431
Long-Term Debt4,4326225,5606,1096,7367,4806,7303,4183,320
Liabilities6,5372427,782488,4639,1058,4765,2135,525
Stockholders' Equity
Income Statement ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue2,0691,9541,9561,8301,9944192,3291,8801,708
Cost of Revenue116138154389
Gross Profit3032,1901,7271,319
R&D
SG&A19422420314114112010697
Tax-64-14310-17241220
Net Income-167-387-3113512417762-59-53
Cash Flow ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating412107289293446770620514182
Cash Investing-413-1,171-641-1,184-981-1,823-175-1,054-663
Cash Financing359977300867727924-555418435