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Investments in Unconsolidated Affiliates (Tables)
12 Months Ended
Dec. 31, 2012
Investments in Unconsolidated Affiliates  
Investments in Unconsolidated Affiliates

 

 

 

 

December 31,

 

 

 

2012

 

2011

 

 

 

(In thousands)

 

Current assets

 

$

174,977

 

$

311,972

 

Long-term assets

 

$

161,207

 

$

1,728,399

 

Current liabilities

 

$

195,504

 

$

275,171

 

Long-term liabilities

 

$

3,389

 

$

800,444

 

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

(In thousands)

 

Gross revenues

 

$

758,140

 

$

832,774

 

$

901,742

 

Gross margin

 

$

207,813

 

$

278,019

 

$

241,831

 

Net income (loss)

 

$

(619,591

)

$

270,161

 

$

48,426

 

Nabors’ earnings (losses) from unconsolidated affiliates (1)

 

$

(301,320

)

$

56,647

 

$

33,267

 

 

(1)                                 Nabors’ earnings (losses) from unconsolidated affiliates included in discontinued operations, net of tax was $76.5 million and $(10.6) million, respectively, for the years ended December 31, 2011 and 2010.