Unaudited Quarterly Financial Information

12 Months Ended

Dec. 31, 2014

Unaudited Quarterly Financial Information

Unaudited Quarterly Financial Information

Note 22 Unaudited Quarterly Financial Information

	Year Ended December 31, 2014
	Quarter Ended
	March 31			June 30			September 30			December 31
	(In thousands, except per share amounts)
Operating revenues and Earnings (losses) from unconsolidated affiliates from continuing operations(1)	$	1,587,173		$	1,616,405		$	1,810,911		$	1,783,407
Income (loss) from continuing operations, net of tax	$	48,977		$	65,729		$	102,430		$	(886,401	)
Income (loss) from discontinued operations, net of tax		1,515			(1,032	)		4,005			(4,467	)
Less: Net (income) loss attributable to noncontrolling interest		(573	)		(253	)		(387	)		(202	)
Net income (loss) attributable to Nabors	$	49,919		$	64,444		$	106,048		$	(891,070	)
Earnings (losses) per share:(2)
Basic from continuing operations	$	0.16		$	0.21		$	0.34		$	(3.06	)
Basic from discontinued operations		0.01			—			0.02			(0.02	)
Total Basic	$	0.17		$	0.21		$	0.36		$	(3.08	)
Diluted from continuing operations	$	0.16		$	0.21		$	0.34		$	(3.06	)
Diluted from discontinued operations		—			—			0.01			(0.02	)
Total Diluted	$	0.16		$	0.21		$	0.35		$	(3.08	)

	Year Ended December 31, 2013
	Quarter Ended
	March 31			June 30			September 30			December 31
	(In thousands, except per share amounts)
Operating revenues and Earnings (losses) from unconsolidated affiliates from continuing operations(3)	$	1,538,373		$	1,459,326		$	1,548,965		$	1,605,390
Income (loss) from continuing operations, net of tax	$	92,207		$	28,128		$	(90,510	)	$	128,516
Income (loss) from discontinued operations, net of tax		7,011			(26,873	)		(14,430	)		23,113
Less: Net (income) loss attributable to noncontrolling interest		(97	)		(5,616	)		(441	)		(1,026	)
Net income (loss) attributable to Nabors	$	99,121		$	(4,361	)	$	(105,381	)	$	150,603
Earnings (losses) per share:(2)
Basic from continuing operations	$	0.31		$	0.08		$	(0.30	)	$	0.43
Basic from discontinued operations		0.03			(0.09	)		(0.05	)		0.07
Total Basic	$	0.34		$	(0.01	)	$	(0.35	)	$	0.50
Diluted from continuing operations	$	0.31		$	0.08		$	(0.30	)	$	0.42
Diluted from discontinued operations		0.02			(0.09	)		(0.05	)		0.08
Total Diluted	$	0.33		$	(0.01	)	$	(0.35	)	$	0.50

(1)	Includes earnings (losses) from unconsolidated affiliates, net, accounted for by the equity method, of ($2.4) million, ($0.6) million, ($2.9) million and ($0.4) million, respectively.
(2)	Earnings per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly earnings per share may not equal the total computed for the year.
(3)	Includes earnings (losses) from unconsolidated affiliates, net, accounted for by the equity method, of $2.9 million, $1.4 million, ($2.6) million and ($1.6) million, respectively.