Note 14 Condensed Consolidating Financial Information

Nabors has fully and unconditionally guaranteed all of the issued public debt securities of Nabors Delaware. The following condensed consolidating financial information is included so that separate financial statements of Nabors Delaware are not required to be filed with the SEC. The condensed consolidating financial statements present investments in both consolidated and unconsolidated affiliates using the equity method of accounting.

The following condensed consolidating financial information presents condensed consolidating balance sheets as of September 30, 2013 and December 31, 2012, statements of income (loss) and statements of other comprehensive income (loss) for the three and nine months ended September 30, 2013 and 2012, and the statements of cash flows for the nine months ended September 30, 2013 and 2012 of (a) Nabors, parent/guarantor, (b) Nabors Delaware, issuer of public debt securities guaranteed by Nabors, (c) the non-guarantor subsidiaries, (d) consolidating adjustments necessary to consolidate Nabors and its subsidiaries and (e) Nabors on a consolidated basis.

We corrected our condensed consolidating statement of cash flows for classification of changes in inter-company balances between Nabors Delaware (Issuer) and Other Subsidiaries (Non-Guarantors) for the nine months ended September 30, 2012 to present them as cash flows from investing activities rather than cash flows from operating activities. For Nabors Delaware (Issuer), cash used for operating activities decreased $51.3 million and cash used for investing activities increased by the same amount for the nine months ended September 30, 2012. For Other Subsidiaries (Non-Guarantors), cash provided by operating activities decreased $51.3 million and cash used for investing activities decreased by the same amount for the nine months ended September 30, 2012. The impact of these revisions is not material to the related financial statements taken as a whole. Certain reclassifications to inter-company payable and receivable balances in the condensed consolidating balance sheet have been made to the prior period to conform to current period presentation, with no effect on our consolidated financial position, results of operations or cash flows.

Condensed Consolidating Balance Sheets

	September 30, 2013
						Other
	Nabors		Nabors			Subsidiaries
	(Parent/		Delaware			(Non-		Consolidating
	Guarantor)		(Issuer)			Guarantors)		Adjustments			Total
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	1,794	$	7,018		$	387,111	$	—		$	395,923
Short-term investments	—		—			96,015		—			96,015
Assets held for sale	—		—			396,201		—			396,201
Accounts receivable, net	—		—			1,362,434		—			1,362,434
Inventory	—		—			229,494		—			229,494
Deferred income taxes	—		—			239,171		—			239,171
Other current assets	50		22,338			214,829		—			237,217
Total current assets	1,844		29,356			2,925,255		—			2,956,455
Long-term investments	—		—			3,371		—			3,371
Property, plant and equipment, net	—		34,686			8,429,118		—			8,463,804
Goodwill	—		—			479,557		—			479,557
Intercompany receivables	166,731		3,893			1,414,822		(1,585,446		)	—
Investment in unconsolidated affiliates	5,657,795		6,047,144			1,840,765		(13,476,797		)	68,907
Other long-term assets	—		35,508			194,514		—			230,022
Total assets	$	5,826,370	$	6,150,587		$	15,287,402	$	(15,062,243	)	$	12,202,116
LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—	$	—		$	11,441	$	—		$	11,441
Trade accounts payable	87		27			521,019		—			521,133
Accrued liabilities	115		21,291			558,070		—			579,476
Income taxes payable	—		—			13,372		—			13,372
Total current liabilities	202		21,318			1,103,902		—			1,125,422
Long-term debt	—		4,035,974			53		—			4,036,027
Other long-term liabilities	—		31,049			410,323		—			441,372
Deferred income taxes	—		(172,709		)	865,223		—			692,514
Intercompany payable	—		1,585,446			—		(1,585,446		)	—
Total liabilities	202		5,501,078			2,379,501		(1,585,446		)	6,295,335
Subsidiary preferred stock	—		—			69,188		—			69,188
Shareholders’ equity	5,826,168		649,509			12,827,288		(13,476,797		)	5,826,168
Noncontrolling interest	—		—			11,425		—			11,425
Total equity	5,826,168		649,509			12,838,713		(13,476,797		)	5,837,593
Total liabilities and equity	$	5,826,370	$	6,150,587		$	15,287,402	$	(15,062,243	)	$	12,202,116

	December 31, 2012
						Other
	Nabors		Nabors			Subsidiaries
	(Parent/		Delaware			(Non-		Consolidating
	Guarantor)		(Issuer)			Guarantors)		Adjustments			Total
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	1,639	$	106,778		$	416,505	$	—		$	524,922
Short-term investments	—		—			253,282		—			253,282
Assets held for sale	—		—			383,857		—			383,857
Accounts receivable, net	—		—			1,382,623		—			1,382,623
Inventory	—		—			251,133		—			251,133
Deferred income taxes	—		—			110,480		—			110,480
Other current assets	50		—			226,510		—			226,560
Total current assets	1,689		106,778			3,024,390		—			3,132,857
Long-term investments	—		—			4,269		—			4,269
Property, plant and equipment, net	—		37,300			8,674,788		—			8,712,088
Goodwill	—		—			472,326		—			472,326
Intercompany receivables	174,948		1,690,636			670,404		(2,535,988		)	—
Investment in unconsolidated affiliates	5,769,518		5,129,458			395,246		(11,232,532		)	61,690
Other long-term assets	—		31,904			240,888		—			272,792
Total assets	$	5,946,155	$	6,996,076		$	13,482,311	$	(13,768,520	)	$	12,656,022
LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	$	—	$	—		$	364	$	—		$	364
Trade accounts payable	116		23			498,871		—			499,010
Accrued liabilities	1,110		91,520			506,750		—			599,380
Income taxes payable	—		—			33,628		—			33,628
Total current liabilities	1,226		91,543			1,039,613		—			1,132,382
Long-term debt	—		4,379,263			73		—			4,379,336
Other long-term liabilities	—		30,983			487,681		—			518,664
Deferred income taxes	—		(24,906		)	624,241		—			599,335
Intercompany payable	—		2,535,988			—		(2,535,988		)	—
Total liabilities	1,226		7,012,871			2,151,608		(2,535,988		)	6,629,717
Subsidiary preferred stock	—		—			69,188		—			69,188
Shareholders’ equity	5,944,929		(16,795		)	11,249,327		(11,232,532		)	5,944,929
Noncontrolling interest	—		—			12,188		—			12,188
Total equity	5,944,929		(16,795		)	11,261,515		(11,232,532		)	5,957,117
Total liabilities and equity	$	5,946,155	$	6,996,076		$	13,482,311	$	(13,768,520	)	$	12,656,022

Condensed Consolidating Statements of Income (Loss)

	Three Months Ended September 30, 2013
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—		$	—		$	1,550,819		$	—		$	1,550,819
Earnings from unconsolidated affiliates	—			—			(2,628		)	—			(2,628		)
Earnings (losses) from consolidated affiliates	(102,137		)	88,554			(82,783		)	96,366			—
Investment income (loss)				3			2,363			(1,137		)	1,229
Intercompany interest income	—			31			—			(31		)	—
Total revenues and other income	(102,137		)	88,588			1,467,771			95,198			1,549,420
Costs and other deductions:
Direct costs	—			—			980,911			—			980,911
General and administrative expenses	3,089			(311		)	125,319			(154		)	127,943
Depreciation and amortization	—			902			272,542			—			273,444
Interest expense	—			59,417			(3,358		)	—			56,059
Intercompany interest expense	—			—			31			(31		)	—
Losses (gains) on sales of long-lived assets and other expense (income), net	155			211,989			(209,032		)	154			3,266
Impairments and other charges	—			—			242,241			—			242,241
Total costs and other deductions	3,244			271,997			1,408,654			(31		)	1,683,864
Income from continuing operations before income taxes	(105,381		)	(183,409		)	59,117			95,229			(134,444		)
Income tax expense (benefit)	—			(100,626		)	55,942			—			(44,684		)
Subsidiary preferred stock dividend	—			—			750			—			750
Income (loss) from continuting operations, net of tax	(105,381		)	(82,783		)	2,425			95,229			(90,510		)
Income (loss) from discontinued operations, net of tax	—			—			(14,430		)	—			(14,430		)
Net income (loss)	(105,381		)	(82,783		)	(12,005		)	95,229			(104,940		)
Less: Net (income) loss attributable to noncontrolling interest	—			—			(441		)	—			(441		)
Net income (loss) attributable to Nabors	$	(105,381	)	$	(82,783	)	$	(12,446	)	$	95,229		$	(105,381	)

	Three Months Ended September 30, 2012
						Other
	Nabors		Nabors			Subsidiaries
	(Parent/		Delaware			(Non-			Consolidating
	Guarantor)		(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—		$	1,729,907		$	—		$	1,729,907
Earnings from unconsolidated affiliates	—		—			(99,527		)	—			(99,527		)
Earnings (losses) from consolidated affiliates	77,976		(152,036		)	(178,917		)	252,977			—
Investment income (loss)	—		2			7,222			—			7,224
Intercompany interest income	—		17,423			—			(17,423		)	—
Total revenues and other income	77,976		(134,611		)	1,458,685			235,554			1,637,604
Costs and other deductions:
Direct costs	—		—			1,107,032			—			1,107,032
General and administrative expenses	1,900		159			129,042			(420		)	130,681
Depreciation and amortization	—		902			264,735			—			265,637
Interest expense	—		67,391			(3,615		)	—			63,776
Intercompany interest expense	—		—			17,423			(17,423		)	—
Losses (gains) on sales of long-lived assets and other expense (income), net	420		(250		)	9,626			420			10,216
Impairments and other charges	—		—			—			—
Total costs and other deductions	2,320		68,202			1,524,243			(17,423		)	1,577,342
Income from continuing operations before income taxes	75,656		(202,813		)	(65,558		)	252,977			60,262
Income tax expense (benefit)	—		(18,787		)	13,810			—			(4,977		)
Subsidiary preferred stock dividend	—		—			750			—			750
Income (loss) from continuting operations, net of tax	75,656		(184,026		)	(80,118		)	252,977			64,489
Income (loss) from discontinued operations, net of tax	—		—			12,155			—			12,155
Net income (loss)	75,656		(184,026		)	(67,963		)	252,977			76,644
Less: Net (income) loss attributable to noncontrolling interest	—		—			(988		)	—			(988		)
Net income (loss) attributable to Nabors	$	75,656	$	(184,026	)	$	(68,951	)	$	252,977		$	75,656

	Nine Months Ended September 30, 2013
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—		$	—		$	4,544,263		$	—		$	4,544,263
Earnings from unconsolidated affiliates	—			—			1,627			—			1,627
Earnings (losses) from consolidated affiliates	4,731			144,574			(107,091		)	(42,214		)	—
Investment income (loss)	1			55			98,825			(3,410		)	95,471
Intercompany interest income	—			92			—			(92		)	—
Total revenues and other income	4,732			144,721			4,537,624			(45,716		)	4,641,361
Costs and other deductions:
Direct costs	—			—			2,948,213			—			2,948,213
General and administrative expenses	8,144			116			382,197			(434		)	390,023
Depreciation and amortization	—			2,707			806,312			—			809,019
Interest expense	—			184,871			(8,528		)	—			176,343
Intercompany interest expense	—			—			92			(92		)	—
Losses (gains) on sales of long-lived assets and other expense (income), net	7,209			211,921			(192,319		)	434			27,245
Impairments and other charges	—			—			287,241			—			287,241
Total costs and other deductions	15,353			399,615			4,223,208			(92		)	4,638,084
Income from continuing operations before income taxes	(10,621		)	(254,894		)	314,416			(45,624		)	3,277
Income tax expense (benefit)	—			(147,803		)	119,005			—			(28,798		)
Subsidiary preferred stock dividend	—			—			2,250			—			2,250
Income (loss) from continuting operations, net of tax	(10,621		)	(107,091		)	193,161			(45,624		)	29,825
Income (loss) from discontinued operations, net of tax	—			—			(34,292		)	—			(34,292		)
Net income (loss)	(10,621		)	(107,091		)	158,869			(45,624		)	(4,467		)
Less: Net (income) loss attributable to noncontrolling interest	—			—			(6,154		)	—			(6,154		)
Net income (loss) attributable to Nabors	$	(10,621	)	$	(107,091	)	$	152,715		$	(45,624	)	$	(10,621	)

	Nine Months Ended September 30, 2012
						Other
	Nabors		Nabors			Subsidiaries
	(Parent/		Delaware			(Non-			Consolidating
	Guarantor)		(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—		$	5,272,499		$	—		$	5,272,499
Earnings from unconsolidated affiliates	—		—			(302,513		)	—			(302,513		)
Earnings (losses) from consolidated affiliates	143,448		(132,659		)	(212,494		)	201,705			—
Investment income (loss)	—		18			32,826			—			32,844
Intercompany interest income	—		51,433			—			(51,433		)	—
Total revenues and other income	143,448		(81,208		)	4,790,318			150,272			5,002,830
Costs and other deductions:
Direct costs	—		—			3,353,520			—			3,353,520
General and administrative expenses	5,449		349			393,778			(1,042		)	398,534
Depreciation and amortization	—		2,707			763,734			—			766,441
Interest expense	—		203,826			(13,758		)	—			190,068
Intercompany interest expense	—		—			51,433			(51,433		)	—
Losses (gains) on sales of long-lived assets and other expense (income), net	1,042		(1,229		)	20,922			1,042			21,777
Impairments and other charges	—		—			147,503						147,503
Total costs and other deductions	6,491		205,653			4,717,132			(51,433		)	4,877,843
Income from continuing operations before income taxes	136,957		(286,861		)	73,186			201,705			124,987
Income tax expense (benefit)	—		(57,055		)	79,176			—			22,121
Subsidiary preferred stock dividend	—		—			2,250			—			2,250
Income (loss) from continuting operations, net of tax	136,957		(229,806		)	(8,240		)	201,705			100,616
Income (loss) from discontinued operations, net of tax	—		—			35,888			—			35,888
Net income (loss)	136,957		(229,806		)	27,648			201,705			136,504
Less: Net (income) loss attributable to noncontrolling interest	—		—			453			—			453
Net income (loss) attributable to Nabors	$	136,957	$	(229,806	)	$	28,101		$	201,705		$	136,957

Condensed Consolidating Statements of Other Comprehensive Income

	Three Months Ended September 30, 2013
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(105,381	)	$	(82,783	)	$	(12,446	)	$	95,229		$	(105,381	)
Other comprehensive income (loss) before taxes:
Translation adjustment attributable to Nabors	15,716			331			16,046			(16,377		)	15,716
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	(3,416		)	(135		)	(3,551		)	3,686			(3,416		)
Less: reclassification adjustment for (gains)/losses on marketable securities	(2		)	—			(2		)	2			(2		)
Unrealized gains/(losses) on marketable securities	(3,418		)	(135		)	(3,553		)	3,688			(3,418		)
Pension liability amortization and adjustment	280			280			560			(840		)	280
Unrealized gains/(losses) and amortization of (gains)/losses on cash flow hedges	153			153			153			(306		)	153
Other comprehensive income (loss) before taxes	12,731			629			13,206			(13,835		)	12,731
Income tax expense (benefit) related to items of other comprehensive income (loss)	116			116			173			(289		)	116
Other comprehensive income (loss), net of tax	12,615			513			13,033			(13,546		)	12,615
Comprehensive income (loss) attributable to Nabors	(92,766		)	(82,270		)	587			81,683			(92,766		)
Net income (loss) attributable to noncontrolling interest	441			—			441			(441		)	441
Translation adjustment to noncontrolling interest	229			—			229			(229		)	229
Comprehensive income (loss) attributable to noncontrolling interest	670			—			670			(670		)	670
Comprehensive income (loss)	$	(92,096	)	$	(82,270	)	$	1,257		$	81,013		$	(92,096	)

	Three Months Ended September 30, 2012
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net income (loss) attributable to Nabors	$	75,656		$	(184,026	)	$	(68,951	)	$	252,977		$	75,656
Other comprehensive income (loss) before taxes:
Translation adjustment attributable to Nabors	31,550			(99		)	31,451			(31,352		)	31,550
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	13,667			6			13,673			(13,679		)	13,667
Less: reclassification adjustment for (gains)/losses on marketable securities	(1,523		)	(1,200		)	(2,723		)	3,923			(1,523		)
Unrealized gains/(losses) on marketable securities	12,144			(1,194		)	10,950			(9,756		)	12,144
Pension liability amortization and adjustment	260			260			520			(780		)	260
Unrealized gains/(losses) and amortization of (gains)/losses on cash flow hedges	166			166			166			(332		)	166
Other comprehensive income (loss) before taxes	44,120			(867		)	43,087			(42,220		)	44,120
Income tax expense (benefit) related to items of other comprehensive income (loss)	(272		)	(272		)	(604		)	876			(272		)
Other comprehensive income (loss), net of tax	44,392			(595		)	43,691			(43,096		)	44,392
Comprehensive income (loss) attributable to Nabors	120,048			(184,621		)	(25,260		)	209,881			120,048
Net income (loss) attributable to noncontrolling interest	988			—			988			(988		)	988
Translation adjustment to noncontrolling interest	390			—			390			(390		)	390
Comprehensive income (loss) attributable to noncontrolling interest	1,378			—			1,378			(1,378		)	1,378
Comprehensive income (loss)	$	121,426		$	(184,621	)	$	(23,882	)	$	208,503		$	121,426

	Nine Months Ended September 30, 2013
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(10,621	)	$	(107,091	)	$	152,715		$	(45,624	)	$	(10,621	)
Other comprehensive income (loss) before taxes:
Translation adjustment attributable to Nabors	(36,853		)	185			(36,669		)	36,484			(36,853		)
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	1,586			98			1,684			(1,782		)	1,586
Less: reclassification adjustment for (gains)/losses on marketable securities	(88,159		)	(7,114		)	(95,273		)	102,387			(88,159		)
Unrealized gains/(losses) on marketable securities	(86,573		)	(7,016		)	(93,589		)	100,605			(86,573		)
Pension liability amortization and adjustment	842			842			1,684			(2,526		)	842
Unrealized gains/(losses) and amortization of (gains)/losses on cash flow hedges	459			459			459			(918		)	459
Other comprehensive income (loss) before taxes	(122,125		)	(5,530		)	(128,115		)	133,645			(122,125		)
Income tax expense (benefit) related to items of other comprehensive income (loss)	(2,161		)	(2,161		)	(4,499		)	6,660			(2,161		)
Other comprehensive income (loss), net of tax	(119,964		)	(3,369		)	(123,616		)	126,985			(119,964		)
Comprehensive income (loss) attributable to Nabors	(130,585		)	(110,460		)	29,099			81,361			(130,585		)
Net income (loss) attributable to noncontrolling interest	6,154			—			6,154			(6,154		)	6,154
Translation adjustment to noncontrolling interest	(572		)	—			(572		)	572			(572		)
Comprehensive income (loss) attributable to noncontrolling interest	5,582			—			5,582			(5,582		)	5,582
Comprehensive income (loss)	$	(125,003	)	$	(110,460	)	$	34,681		$	75,779		$	(125,003	)

	Nine Months Ended September 30, 2012
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net income (loss) attributable to Nabors	$	136,957		$	(229,806	)	$	28,101		$	201,705		$	136,957
Other comprehensive income (loss) before taxes:
Translation adjustment attributable to Nabors	29,157			(100		)	29,057			(28,957		)	29,157
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	20,882			17			20,899			(20,916		)	20,882
Less: reclassification adjustment for (gains)/losses on marketable securities	(14,007		)	(11,488		)	(25,495		)	36,983			(14,007		)
Unrealized gains/(losses) on marketable securities	6,875			(11,471		)	(4,596		)	16,067			6,875
Pension liability amortization and adjustment	780			779			1,560			(2,339		)	780
Unrealized gains/(losses) and amortization of (gains)/losses on cash flow hedges	548			548			548			(1,096		)	548
Other comprehensive income (loss) before taxes	37,360			(10,244		)	26,569			(16,325		)	37,360
Income tax expense (benefit) related to items of other comprehensive income (loss)	(3,856		)	(3,856		)	(7,892		)	11,748			(3,856		)
Other comprehensive income (loss), net of tax	41,216			(6,388		)	34,461			(28,073		)	41,216
Comprehensive income (loss) attributable to Nabors	178,173			(236,194		)	62,562			173,632			178,173
Net income (loss) attributable to noncontrolling interest	(453		)	—			(453		)	453			(453		)
Translation adjustment to noncontrolling interest	417			—			417			(417		)	417
Comprehensive income (loss) attributable to noncontrolling interest	(36		)	—			(36		)	36			(36		)
Comprehensive income (loss)	$	178,137		$	(236,194	)	$	62,526		$	173,668		$	178,137

Condensed Consolidating Statements of Cash Flows

	Nine Months Ended September 30, 2013
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	5,671		$	(158,238	)	$	1,098,620		$	28,662		$	974,715
Cash flows from investing activities:
Sales and maturities of investments	—			—			163,944			—			163,944
Cash paid for acquisition of businesses, net	—			—			(37,516		)				(37,516		)
Capital expenditures							(780,711		)				(780,711		)
Proceeds from sale of unconsolidated affiliates	—			—			10,000			—			10,000
Investment in unconsolidated affiliates	—			—			(5,967		)	—			(5,967		)
Proceeds from sales of assets and insurance claims	—			—			139,254			—			139,254
Other	—			—			(7		)	—			(7		)
Cash paid for investments in consolidated affiliates	(100		)	(772,000		)	(1,544,000		)	2,316,100			—
Changes in intercompany balances	—			615,328			(615,328		)	—			—
Net cash provided by (used for) investing activities	(100		)	(156,672		)	(2,670,331		)	2,316,100			(511,003		)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts	—			—			(7,497		)	—			(7,497		)
Dividends to shareholders	(38,767		)	—			—			3,410			(35,357		)
Debt issuance costs	—			(3,505		)	—			—			(3,505		)
Proceeds from debt	—			698,517			11,569			—			710,086
Proceeds from (payments for) commercial paper, net	—			332,250			—			—			332,250
Proceeds from (payments for) issuance of common shares	4,375			—			—			—			4,375
Reduction in long-term debt	—			(994,112		)	(69		)	—			(994,181		)
Reduction in revolving credit facility				(590,000		)	—			—			(590,000		)
Purchase of restricted stock	(3,096		)	—			—			—			(3,096		)
Proceeds from (payments for) issuance of parent common shares to affiliates	32,072			—			—			(32,072		)	—
Proceeds from parent contributions	—			772,000			1,544,100			(2,316,100		)	—
Net cash (used for) provided by financing activities	(5,416		)	215,150			1,548,103			(2,344,762		)	(586,925		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(5,786		)	—			(5,786		)
Net increase (decrease) in cash and cash equivalents	155			(99,760		)	(29,394		)	—			(128,999		)
Cash and cash equivalents, beginning of period	1,639			106,778			416,505			—			524,922
Cash and cash equivalents, end of period	$	1,794		$	7,018		$	387,111		$	—		$	395,923

	Nine Months Ended September 30, 2012
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	6,572		$	(37,698	)	$	1,155,677		$	(30,506	)	$	1,094,045
Cash flows from investing activities:
Purchases of investments	—			—			(949		)	—			(949		)
Sales and maturities of investments	—			—			30,111			—			30,111
Capital expenditures	—			—			(1,221,769		)	—			(1,221,769		)
Proceeds from sales of assets and insurance claims	—			—			128,432			—			128,432
Cash paid for investments in consolidated affiliates	—			—			—			—			—
Changes in intercompany balances	—			(51,262		)	51,262			—			—
Net cash provided by (used for) investing activities	—			(51,262		)	(1,012,913		)	—			(1,064,175		)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts	—			—			(1,748		)	—			(1,748		)
Proceeds from revolving credit facility	—			710,000			—			—			710,000
Proceeds from (payments for) issuance of common shares	(4,006		)	—			(1		)	—			(4,007		)
Reduction in long-term debt	—			(224,997		)	(51,235		)	—			(276,232		)
Paydown of revolving credit facility	—			(380,000		)	—			—			(380,000		)
Purchase of restricted stock	(2,071		)	—			—			—			(2,071		)
Tax benefit related to share-based awards	—			—			(54		)	—			(54		)
Cash dividends paid	—			(9,003		)	(21,503		)	30,506			—
Net cash (used for) provided by financing activities	(6,077		)	96,000			(74,541		)	30,506			45,888
Effect of exchange rate changes on cash and cash equivalents	—			—			(2,771		)	—			(2,771		)
Net increase (decrease) in cash and cash equivalents	495			7,040			65,452			—			72,987
Cash and cash equivalents, beginning of period	203			21			398,351			—			398,575
Cash and cash equivalents, end of period	$	698		$	7,061		$	463,803		$	—		$	471,562