Unaudited Quarterly Financial Information

12 Months Ended

Dec. 31, 2012

Unaudited Quarterly Financial Information

Unaudited Quarterly Financial Information

Note 21 Unaudited Quarterly Financial Information

	Year Ended December 31, 2012
	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)	$	1,821,757		$	1,602,797		$	1,666,892		$	1,596,807
Income (loss) from continuing operations, net of tax	$	142,618		$	(98,653	)	$	65,818		$	129,272
Income (loss) from discontinued operations, net of tax	(8,795		)	24,690			10,826			(101,121		)
Less: Net (income) loss attributable to noncontrolling interest	267			1,174			(988		)	(1,074		)
Net income (loss) attributable to Nabors	$	134,090		$	(72,789	)	$	75,656		$	27,077
Earnings (losses) per share: (2)
Basic from continuing operations	$	0.50		$	(0.34	)	$	0.22		$	0.44
Basic from discontinued operations	(0.04		)	0.09			0.04			(0.35		)
Total Basic	$	0.46		$	(0.25	)	$	0.26		$	0.09
Diluted from continuing operations	$	0.49		$	(0.34	)	$	0.22		$	0.44
Diluted from discontinued operations	(0.03		)	0.09			0.04			(0.35		)
Total Diluted	$	0.46		$	(0.25	)	$	0.26		$	0.09

	Year Ended December 31, 2011
	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)	$	1,389,842		$	1,352,950	$	1,642,227		$	1,731,979
Income (loss) from continuing operations, net of tax	$	94,552		$	70,887	$	87,190		$	89,535
Income (loss) from discontinued operations, net of tax	(12,396		)	121,167		(12,226		)	(193,985		)
Less: Net (income) loss attributable to noncontrolling interest	669			394		(708		)	(1,400		)
Net income (loss) attributable to Nabors	$	82,825		$	192,448	$	74,256		$	(105,850	)
Earnings (losses) per share: (2)
Basic from continuing operations	$	0.33		$	0.25	$	0.30		$	0.31
Basic from discontinued operations	(0.04		)	0.42		(0.04		)	(0.68		)
Total Basic	$	0.29		$	0.67	$	0.26		$	(0.37	)
Diluted from continuing operations	$	0.33		$	0.24	$	0.30		$	0.30
Diluted from discontinued operations	(0.05		)	0.41		(0.05		)	(0.66		)
Total Diluted	$	0.28		$	0.65	$	0.25		$	(0.36	)

(1) Includes earnings (losses) from unconsolidated affiliates, net, accounted for by the equity method, of $(68.7) million, $(134.3) million, $(99.5) million and $1.2 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 $16.3 million, $9.3 million, $33.7 million and $(2.7) million, respectively.