This revaluation does not affect the Partnership’s cash flows or the calculation of distributable cash flow, but results in the recognition of unrealized foreign currency translation gains or losses in the Consolidated Statements of Income (Loss).Foreign currency exchange (loss) gain includes realized (losses) gains relating to the amounts the Partnership paid to settle the Partnership’s non-designated cross currency swaps that were entered into as economic hedges in relation to the Partnership’s Norwegian Krone (NOK) denominated unsecured bonds. I am truly proud of how our seafarers and onshore colleagues have responded to ensure safe and successful transitions with no reported COVID-19 cases, while providing uninterrupted service to our customers.”Mr. The Partnership does not have the unilateral ability to determine whether the cash generated by its equity-accounted vessels is retained within the entity in which the Partnership holds the equity-accounted investments or distributed to the Partnership and other owners. 5. 2. Not pollute, Professional Team, Chat Support Available.HAMILTON, Bermuda, July 17, 2020 -- Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared a cash distribution.Discover new investment ideas by accessing unbiased, in-depth investment research Reflects the proportionate share of unrealized losses due to changes in the mark-to-market value of derivative instruments that are not designated as hedges for accounting purposes and unrealized credit loss provision in the Partnership's equity-accounted investees. Appendix D - Reconciliation of Non-GAAP Financial Measures Consolidated Adjusted EBITDA by Segment (in thousands of U.S. 2. As you were browsing www.streetinsider.com something about your browser made us think you were a bot.If you are interested in www.streetinsider.com content, APIs are available. Adjusted EBITDA also excludes realized gains or losses on interest rate swaps as management, in assessing the Partnership's performance, views these gains or losses as an element of interest expense and realized gains or losses on derivative instruments resulting from amendments or terminations of the underlying instruments. The total impairment charge of $45.0 million related to these six multi-gas carriers is included in write-down of vessels for the three months ended March 31, 2020, and six months ended June 30, 2020.
Includes vessels leased by the Partnership from third parties and accounted for as finance leases. Kremin continued, “Following the completion of our growth program late last year, our focus has been primarily on delevering our balance sheet, which also reduces interest costs, and maximizing our fleet utilization, which provides us with stable, predictable cash flows. Please refer to “Definitions and Non-GAAP Financial Measures” and the Appendices to this release for definitions of these terms and reconciliations of these non-GAAP financial measures as used in this release to the most directly comparable financial measures under GAAP.Teekay LNG's FleetThe following table summarizes the Partnership’s fleet as of August 1, 2020. The timing and amount of dividends distributed by the Partnership's equity-accounted joint ventures are affected by the timing and amounts of debt repayments in the joint ventures, capital requirements of the joint ventures, as well as any cash reserves maintained in the joint ventures for operations, capital expenditures and/or as required under financing agreements.Adjusted EBITDA represents net income (loss) before interest, taxes, and depreciation and amortization and is adjusted to exclude certain items whose timing or amount cannot be reasonably estimated in advance or that are not considered representative of core operating performance. 3. The new charters commenced upon completion and in direct continuation of their existing charters in May and July 2020, respectively.Operating ResultsThe following table highlights certain financial information for Teekay LNG’s segments: the Liquefied Natural Gas Segment, the Liquefied Petroleum Gas Segment and until the sale of our last conventional tanker in October 2019, the Conventional Tanker Segment (please refer to the “Teekay LNG’s Fleet” section of this release below and Appendices D and E for further details). Teekay Lng Partners' stock is trading down $0.25 today. These decreases were partially offset by an increase in vessel operating expenses due to the timing of repairs and maintenance and an increase in general and administrative expenses due to additional professional fees incurred in the second quarter of 2020. Dollars) As at June 30,As at March 31,As at December 31, 202020202019 (unaudited)(unaudited)(unaudited) ASSETS Current Cash and cash equivalents226,328 312,710 160,221 Restricted cash – current11,544 37,032 53,689 Accounts receivable9,694 10,592 13,460 Prepaid expenses10,891 7,780 6,796 Current portion of derivative assets— — 355 Current portion of net investments in direct financing and sale-type leases14,014 13,740 273,986 Advances to affiliates3,025 5,474 5,143 Other current assets237 237 238 Total current assets275,733 387,565 513,888 Restricted cash – long-term54,603 76,496 39,381 Vessels and equipment At cost, less accumulated depreciation1,256,434 1,272,433 1,335,397 Vessels related to finance leases, at cost, less accumulated depreciation1,675,168 1,686,634 1,691,945 Operating lease right-of-use asset27,568 30,882 34,157 Total vessels and equipment2,959,170 2,989,949 3,061,499 Investments in and advances to equity-accounted joint ventures1,082,346 1,065,389 1,155,316 Net investments in direct financing and sales-type leases525,812 529,943 544,823 Other assets17,633 16,169 14,738 Derivative assets— — 1,834 Intangible assets – net38,938 41,152 43,366 Goodwill34,841 34,841 34,841 Total assets4,989,076 5,141,504 5,409,686 LIABILITIES AND EQUITY Current Accounts payable4,270 1,633 5,094 Accrued liabilities79,832 76,796 76,752 Unearned revenue30,185 25,832 28,759 Current portion of long-term debt295,282 328,384 393,065 Current obligations related to finance leases70,955 70,455 69,982 Current portion of operating lease liabilities13,681 13,524 13,407 Current portion of derivative liabilities34,997 66,852 38,458 Advances from affiliates18,271 8,372 7,003 Total current liabilities547,473 591,848 632,520 Long-term debt1,263,202 1,356,766 1,438,331 Long-term obligations related to finance leases1,305,056 1,323,069 1,340,922 Long-term operating lease liabilities13,887 17,357 20,750 Derivative liabilities88,336 96,453 51,006 Other long-term liabilities52,635 53,460 49,182 Total liabilities3,270,589 3,438,953 3,532,711 Equity Limited partners – common units1,447,690 1,425,960 1,543,598 Limited partners – preferred units285,159 285,159 285,159 General partner45,868 47,839 50,241 Accumulated other comprehensive loss(116,313)(108,457)(57,312) Partners' equity1,662,404 1,650,501 1,821,686 Non-controlling interest56,083 52,050 55,289 Total equity1,718,487 1,702,551 1,876,975 Total liabilities and total equity4,989,076 5,141,504 5,409,686 Teekay LNG Partners L.P. Consolidated Statements of Cash Flows (in thousands of U.S.