Teekay Corp LTD cash flow statement

In fiscal 2025, Teekay Corp LTD's operations generated $302m of cash; it spent $190m on capital projects, leaving free cash flow of $112m. It returned $85.3m in dividends and $4.9m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Teekay Corp LTD: cash flow statement, annual
Fiscal year	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	412	107	289	293	446	776	677	544	182	383	984	78	199	630	467	302
Depreciation and amortisation	441	429	456	431	423	510	572	486	276	154	131	106	99	98	94	87
Stock-based pay	15	16	9	7	2	3	7	6	7	7	5	3	4	8	6	10
Capital spending	—	—	524	754	995	1,796	648	1,054	694	12	16	21	0	0	71	190
Free cash flow	—	—	−235	−461	−549	−1,020	28	−510	−512	372	968	57	199	630	397	112
Free cash flow after stock pay	—	—	−244	−468	−550	−1,023	22	−516	−518	365	963	54	195	622	390	102
Dividends paid	93	93	83	90	91	126	17	19	22	6	0	0	0	0	85	85
Share buybacks	40	122	0	12	—	—	—	0	0	26	0	0	15	51	66	5
Shares issued	—	—	—	—	0	0	105	26	104	0	0	—	0	6	6	13

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Teekay Corp LTD's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Teekay Corp LTD.