XML 104 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues and other income:                      
Operating revenues                 $ 6,989,573 $ 6,060,351 $ 4,134,483
Earnings (losses) from unconsolidated affiliates 1,200 (99,500) (134,300) (68,700) (2,700) 33,700 9,300 16,300 (301,320) 56,647 33,267
Investment income (loss)                 63,137 19,940 7,263
Total revenues and other income                 6,751,390 6,136,938 4,175,013
Costs and other deductions:                      
Direct costs                 4,483,320 3,775,964 2,400,519
General and administrative expenses                 532,568 489,892 338,720
Depreciation and amortization                 1,055,517 924,094 760,962
Interest expense                 251,552 256,633 272,712
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net                 (136,510) 4,514 47,238
Impairments and other charges                 290,260 198,072 61,292
Total costs and other deductions                 6,476,707 5,649,169 3,881,443
Income (loss) from continuing operations before income taxes                 274,683 487,769 293,570
Income tax expense (benefit):                      
Current                 142,994 109,702 (77,209)
Deferred                 (110,366) 32,903 114,159
Total income tax expense (benefit)                 32,628 142,605 36,950
Subsidiary preferred stock dividend                 3,000 3,000 750
Income (loss) from continuing operations, net of tax 129,272 65,818 (98,653) 142,618 89,535 87,190 70,887 94,552 239,055 342,164 255,870
Income (loss) from discontinued operations, net of tax (101,121) 10,826 24,690 (8,795) (193,985) (12,226) 121,167 (12,396) (74,400) (97,440) (161,090)
Net income (loss)                 164,655 244,724 94,780
Less: Net (income) loss attributable to noncontrolling interest (1,074) (988) 1,174 267 (1,400) (708) 394 669 (621) (1,045) (85)
Net income (loss) attributable to Nabors $ 27,077 $ 75,656 $ (72,789) $ 134,090 $ (105,850) $ 74,256 $ 192,448 $ 82,825 $ 164,034 $ 243,679 $ 94,695
Earnings (losses) per share:                      
Basic from continuing operations (in dollars per share) $ 0.44 $ 0.22 $ (0.34) $ 0.50 $ 0.31 $ 0.30 $ 0.25 $ 0.33 $ 0.82 $ 1.19 $ 0.90
Basic from discontinued operations (in dollars per share) $ (0.35) $ 0.04 $ 0.09 $ (0.04) $ (0.68) $ (0.04) $ 0.42 $ (0.04) $ (0.25) $ (0.34) $ (0.57)
Total Basic (in dollars per share) $ 0.09 $ 0.26 $ (0.25) $ 0.46 $ (0.37) $ 0.26 $ 0.67 $ 0.29 $ 0.57 $ 0.85 $ 0.33
Diluted from continuing operations (in dollars per share) $ 0.44 $ 0.22 $ (0.34) $ 0.49 $ 0.30 $ 0.30 $ 0.24 $ 0.33 $ 0.82 $ 1.17 $ 0.88
Diluted from discontinued operations (in dollars per share) $ (0.35) $ 0.04 $ 0.09 $ (0.03) $ (0.66) $ (0.05) $ 0.41 $ (0.05) $ (0.26) $ (0.34) $ (0.55)
Total Diluted (in dollars per share) $ 0.09 $ 0.26 $ (0.25) $ 0.46 $ (0.36) $ 0.25 $ 0.65 $ 0.28 $ 0.56 $ 0.83 $ 0.33
Weighted-average number of common shares outstanding:                      
Basic (in shares)                 289,965 287,118 285,145
Diluted (in shares)                 292,323 292,484 289,996