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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income (loss) attributable to Nabors $ (10,621) $ 136,957
Adjustments to net income (loss):    
Depreciation and amortization 820,898 778,393
Depletion and other oil and gas expenses 22,235 223
Deferred income tax expense (benefit) (31,535) (81,116)
Losses (gains) on long-lived assets, net 12,254 7,016
Impairments and other charges 71,322 162,450
Loss on debt extinguishment 211,981  
Losses (gains) on investments, net (90,635) (27,773)
Share-based compensation 45,898 13,541
Foreign currency transaction losses (gains), net 7,021 5,054
Gain on sale of oil and gas operations   (48,486)
Equity in (earnings) losses of unconsolidated affiliates, net of dividends (1,263) 302,512
Other 4,966 6,207
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable (21,568) 46,973
Inventory 20,220 10,900
Other current assets 5,572 (47,086)
Other long-term assets 34,435 (26,743)
Trade accounts payable and accrued liabilities 11,271 (221,252)
Income taxes payable (53,846) 10,576
Other long-term liabilities (83,890) 65,699
Net cash provided by operating activities 974,715 1,094,045
Cash flows from investing activities:    
Purchases of investments   (949)
Sales and maturities of investments 163,944 30,111
Cash paid for acquisition of businesses, net (37,516)  
Capital expenditures (780,711) (1,221,769)
Proceeds from sale of affiliate 10,000  
Investment in unconsolidated affiliate (5,967)  
Proceeds from sales of assets and insurance claims 139,254 128,432
Other (7)  
Net cash used for investing activities (511,003) (1,064,175)
Cash flows from financing activities:    
Increase (decrease) in cash overdrafts (7,497) (1,748)
Dividends to shareholders (35,357)  
Debt issuance costs (3,505)  
Proceeds from debt 710,086  
Proceeds from revolving credit facility   710,000
Proceeds from (payments for) commercial paper, net 332,250  
Proceeds from (payments for) issuance of common shares 4,375 (4,007)
Reduction in long-term debt (994,181) (276,232)
Reduction in revolving credit facility (590,000) (380,000)
Purchase of restricted stock (3,096) (2,071)
Tax (expense) benefit related to share-based awards   (54)
Net cash (used for) provided by financing activities (586,925) 45,888
Effect of exchange rate changes on cash and cash equivalents (5,786) (2,771)
Net increase (decrease) in cash and cash equivalents (128,999) 72,987
Cash and cash equivalents, beginning of period 524,922 398,575
Cash and cash equivalents, end of period $ 395,923 $ 471,562