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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues and other income:    
Operating revenues $ 1,578,645 $ 1,890,426
Earnings (losses) from unconsolidated affiliates 2,895 (68,669)
Investment income (loss) 79,421 20,252
Total revenues and other income 1,660,961 1,842,009
Costs and other deductions:    
Direct costs 1,026,042 1,184,816
General and administrative expenses 132,545 136,346
Depreciation and amortization 273,365 247,621
Interest expense 60,008 62,654
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net 59,807 (1,840)
Total costs and other deductions 1,551,767 1,629,597
Income (loss) from continuing operations before income taxes 109,194 212,412
Income tax expense (benefit):    
Current 18,829 26,006
Deferred (7,557) 43,038
Total income tax expense (benefit) 11,272 69,044
Subsidiary preferred stock dividend 750 750
Income (loss) from continuing operations, net of tax 97,172 142,618
Income (loss) from discontinued operations, net of tax 2,046 (8,795)
Net income (loss) 99,218 133,823
Less: Net (income) loss attributable to noncontrolling interest (97) 267
Net income (loss) attributable to Nabors $ 99,121 $ 134,090
Earnings (losses) per share:    
Basic from continuing operations (in dollars per share) $ 0.33 $ 0.50
Basic from discontinued operations (in dollars per share) $ 0.01 $ (0.04)
Total Basic (in dollars per share) $ 0.34 $ 0.46
Diluted from continuing operations (in dollars per share) $ 0.33 $ 0.49
Diluted from discontinued operations (in dollars per share)   $ (0.03)
Total Diluted (in dollars per share) $ 0.33 $ 0.46
Weighted-average number of common shares outstanding:    
Basic (in shares) 291,687 288,538
Diluted (in shares) 294,170 291,709