Note 14 Condensed Consolidating Financial Information

Nabors has fully and unconditionally guaranteed all of the issued public debt securities of Nabors Delaware, a 100% owned subsidiary. Nabors’ guarantee of the issuer is joint and several. Nabors, as guarantor, has no restrictions on dividends paid to shareholders. 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 June 30, 2014 and December 31, 2013 and statements of income (loss) and statements of comprehensive income (loss) for the three and six months ended June 30, 2014 and 2013, and statements of cash flows for the six months ended June 30, 2014 and 2013 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.

Condensed Consolidating Balance Sheets

	June 30, 2014
						Other
	Nabors		Nabors			Subsidiaries
	(Parent/		Delaware			(Non-		Consolidating
	Guarantor)		(Issuer)			Guarantors)		Adjustments			Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	1,106	$	4		$	409,848	$	—		$	410,958
Short-term investments	—		—			75,386		—			75,386
Assets held for sale	—		—			233,163		—			233,163
Accounts receivable, net	—		—			1,448,511		—			1,448,511
Inventory	—		—			216,444		—			216,444
Deferred income taxes	—		—			87,354		—			87,354
Other current assets	2,024		28,465			308,333		—			338,822
Total current assets	3,130		28,469			2,779,039		—			2,810,638
Long-term investments	—		—			2,724		—			2,724
Property, plant and equipment, net	—		32,072			8,800,894		—			8,832,966
Goodwill	—		—			512,897		—			512,897
Intercompany receivables	167,610		—			1,614,989		(1,782,599		)	—
Investment in consolidated affiliates	5,901,195		6,141,915			1,780,798		(13,823,908		)	—
Investment in unconsolidated affiliates	—		—			60,509		—			60,509
Other long-term assets	—		31,531			184,734		—			216,265
Total assets	$	6,071,935	$	6,233,987		$	15,736,584	$	(15,606,507	)	$	12,435,999
	LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—	$	—		$	207	$	—		$	207
Trade accounts payable	117		2			617,708		—			617,827
Accrued liabilities	392		63,888			610,561		—			674,841
Income taxes payable	—		—			26,711		—			26,711
Total current liabilities	509		63,890			1,255,187		—			1,319,586
Long-term debt	—		3,956,269			21		—			3,956,290
Other long-term liabilities	—		30,061			566,469		—			596,530
Deferred income taxes	—		(255,590		)	737,261		—			481,671
Intercompany payable	—		1,782,599			—		(1,782,599		)	—
Total liabilities	509		5,577,229			2,558,938		(1,782,599		)	6,354,077
Subsidiary preferred stock	—		—			—		—			—
Shareholders’ equity	6,071,426		656,758			13,167,150		(13,823,908		)	6,071,426
Noncontrolling interest	—		—			10,496		—			10,496
Total equity	6,071,426		656,758			13,177,646		(13,823,908		)	6,081,922
Total liabilities and equity	$	6,071,935	$	6,233,987		$	15,736,584	$	(15,606,507	)	$	12,435,999

	December 31, 2013
						Other
	Nabors		Nabors			Subsidiaries
	(Parent/		Delaware			(Non-		Consolidating
	Guarantor)		(Issuer)			Guarantors)		Adjustments			Total
	(In thousands)
	ASSETS
Current assets:
Cash	$	730	$	7,029		$	382,156	$	—		$	389,915
Short-term investments	—		—			117,218		—			117,218
Assets held for sale	—		—			243,264		—			243,264
Accounts receivable, net	27		—			1,399,516		—			1,399,543
Inventory	—		—			209,793		—			209,793
Deferred income taxes	—		—			121,316		—			121,316
Other current assets	50		26,378			246,353		—			272,781
Total current assets	807		33,407			2,719,616		—			2,753,830
Long-term investments	—		—			3,236		—			3,236
Property, plant and equipment, net	—		33,815			8,563,998		—			8,597,813
Goodwill	—		—			512,964		—			512,964
Intercompany receivables	160,136		3,891			1,583,539		(1,747,566		)	—
Investment in consolidated affiliates	5,808,607		6,097,337			1,789,851		(13,695,795		)	—
Investment in unconsolidated affiliates	—		—			64,260		—			64,260
Other long-term assets	—		34,487			193,221		—			227,708
Total assets	$	5,969,550	$	6,202,937		$	15,430,685	$	(15,443,361	)	$	12,159,811
	LIABILITIES AND EQUITY
Current liabilities:
Current debt	$	—	$	—		$	10,185	$	—		$	10,185
Trade accounts payable	86		25			545,401		—			545,512
Accrued liabilities	378		65,947			630,768		—			697,093
Income taxes payable	—		—			58,634		—			58,634
Total current liabilities	464		65,972			1,244,988		—			1,311,424
Long-term debt	—		3,904,059			58		—			3,904,117
Other long-term liabilities	—		31,071			346,673		—			377,744
Deferred income taxes	—		(213,233		)	729,394		—			516,161
Intercompany payable	—		1,747,566			—		(1,747,566		)	—
Total liabilities	464		5,535,435			2,321,113		(1,747,566		)	6,109,446
Subsidiary preferred stock	—		—			69,188		—			69,188
Shareholders’ equity	5,969,086		667,502			13,028,293		(13,695,795		)	5,969,086
Noncontrolling interest	—		—			12,091		—			12,091
Total equity	5,969,086		667,502			13,040,384		(13,695,795		)	5,981,177
Total liabilities and equity	$	5,969,550	$	6,202,937		$	15,430,685	$	(15,443,361	)	$	12,159,811

Condensed Consolidating Statements of Income (Loss)

	Three Months Ended June 30, 2014
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—		$	—		$	1,616,981		$	—		$	1,616,981
Earnings from unconsolidated affiliates	—			—			(576		)	—			(576		)
Earnings (losses) from consolidated affiliates	67,009			53,368			21,844			(142,221		)	—
Investment income (loss)	—			146			8,056			(1,136		)	7,066
Intercompany Interest income	—			—			—			—			—
Total revenues and other income	67,009			53,514			1,646,305			(143,357		)	1,623,471
Costs and other deductions:
Direct costs	—			—			1,066,495			—			1,066,495
General and administrative expenses	2,439			(31		)	131,351			(129		)	133,630
Depreciation and amortization	—			902			281,918			—			282,820
Interest expense	—			49,313			(3,010		)	—			46,303
Intercompany interest expense	(3		)	—			3			—			—
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net	129			—			16,246			129			16,504
Other	—			—			—			—			—
Total costs and other deductions	2,565			50,184			1,493,003			—			1,545,752
Income from continuing operations before income tax	64,444			3,330			153,302			(143,357		)	77,719
Income tax expense (benefit)	—			(18,514		)	29,270			—			10,756
Subsidiary preferred stock dividend	—			—			1,234			—			1,234
Income (loss) from continuing operations, net of tax	64,444			21,844			122,798			(143,357		)	65,729
Income (loss) from discontinued operations, net of tax	—			—			(1,032		)	—			(1,032		)
Net income (loss)	64,444			21,844			121,766			(143,357		)	64,697
Less: Net (income) loss attributable to noncontrolling interest	—			—			(253		)	—			(253		)
Net income (loss) attributable to Nabors	$	64,444		$	21,844		$	121,513		$	(143,357	)	$	64,444

	Three Months Ended June 30, 2013
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—		$	—		$	1,491,586		$	—		$	1,491,586
Earnings from unconsolidated affiliates	—			—			1,360			—			1,360
Earnings (losses) from consolidated affiliates	(1,005		)	13,700			(26,331		)	13,636			—
Investment income (loss)	1			36			17,057			(2,273		)	14,821
Intercompany Interest income	—			32			—			(32		)	—
Total revenues and other income	(1,004		)	13,768			1,483,672			11,331			1,507,767
Costs and other deductions:
Direct costs	—			—			999,192			—			999,192
General and administrative expenses	3,221			390			129,137			(136		)	132,612
Depreciation and amortization	—			903			269,296			—			270,199
Interest expense	—			62,405			(2,134		)	—			60,271
Intercompany interest expense	—			—			32			(32		)	—
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net	136			(89		)	9,129			136			9,312
Other	—			—			—			—			—
Total costs and other deductions	3,357			63,609			1,404,652			(32		)	1,471,586
Income from continuing operations before income tax	(4,361		)	(49,841		)	79,020			11,363			36,181
Income tax expense (benefit)	—			(23,510		)	29,682			—			6,172
Subsidiary preferred stock dividend	—			—			750			—			750
Income (loss) from continuing operations, net of tax	(4,361		)	(26,331		)	48,588			11,363			29,259
Income (loss) from discontinued operations, net of tax	—			—			(28,004		)	—			(28,004		)
Net income (loss)	(4,361		)	(26,331		)	20,584			11,363			1,255
Less: Net (income) loss attributable to noncontrolling interest	—			—			(5,616		)	—			(5,616		)
Net income (loss) attributable to Nabors	$	(4,361	)	$	(26,331	)	$	14,968		$	11,363		$	(4,361	)

	Six Months Ended June 30, 2014
						Other
	Nabors		Nabors			Subsidiaries
	(Parent/		Delaware			(Non-			Consolidating
	Guarantor)		(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—		$	3,206,599		$	—		$	3,206,599
Earnings from unconsolidated affiliates	—		—			(3,021		)	—			(3,021		)
Earnings (losses) from consolidated affiliates	119,592		44,608			(18,245		)	(145,955		)	—
Investment income (loss)	—		146			10,172			(2,272		)	8,046
Intercompany Interest income	—		—			—			—			—
Total revenues and other income	119,592		44,754			3,195,505			(148,227		)	3,211,624
Costs and other deductions:
Direct costs	—		—			2,128,234			—			2,128,234
General and administrative expenses	4,892		(350		)	263,632			(278		)	267,896
Depreciation and amortization	—		1,804			563,143			—			564,947
Interest expense	—		98,682			(7,569		)	—			91,113
Intercompany interest expense	59		—			(59		)	—			—
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net	278		(223		)	17,647			278			17,980
Other	—		—			—			—			—
Total costs and other deductions	5,229		99,913			2,965,028			—			3,070,170
Income from continuing operations before income tax	114,363		(55,159		)	230,477			(148,227		)	141,454
Income tax expense (benefit)	—		(36,914		)	61,678			—			24,764
Subsidiary preferred stock dividend	—		—			1,984			—			1,984
Income (loss) from continuing operations, net of tax	114,363		(18,245		)	166,815			(148,227		)	114,706
Income (loss) from discontinued operations, net of tax	—		—			483			—			483
Net income (loss)	114,363		(18,245		)	167,298			(148,227		)	115,189
Less: Net (income) loss attributable to noncontrolling interest	—		—			(826		)	—			(826		)
Net income (loss) attributable to Nabors	$	114,363	$	(18,245	)	$	166,472		$	(148,227	)	$	114,363

	Six Months Ended June 30, 2013
						Other
	Nabors		Nabors			Subsidiaries
	(Parent/		Delaware			(Non-			Consolidating
	Guarantor)		(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—		$	3,070,231		$	—		$	3,070,231
Earnings from unconsolidated affiliates	—		—			4,255			—			4,255
Earnings (losses) from consolidated affiliates	106,868		56,020			(24,308		)	(138,580		)	—
Investment income (loss)	1		52			96,462			(2,273		)	94,242
Intercompany Interest income	—		61			—			(61		)	—
Total revenues and other income	106,869		56,133			3,146,640			(140,914		)	3,168,728
Costs and other deductions:
Direct costs	—		—			2,025,234			—			2,025,234
General and administrative expenses	5,055		427			259,955			(280		)	265,157
Depreciation and amortization	—		1,805			541,759			—			543,564
Interest expense	—		125,454			(5,175		)	—			120,279
Intercompany interest expense	—		—			61			(61		)	—
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net	7,054		(68		)	61,853			280			69,119
Other	—		—			—			—			—
Total costs and other deductions	12,109		127,618			2,883,687			(61		)	3,023,353
Income from continuing operations before income tax	94,760		(71,485		)	262,953			(140,853		)	145,375
Income tax expense (benefit)	—		(47,177		)	64,621			—			17,444
Subsidiary preferred stock dividend	—		—			1,500			—			1,500
Income (loss) from continuing operations, net of tax	94,760		(24,308		)	196,832			(140,853		)	126,431
Income (loss) from discontinued operations, net of tax	—		—			(25,958		)	—			(25,958		)
Net income (loss)	94,760		(24,308		)	170,874			(140,853		)	100,473
Less: Net (income) loss attributable to noncontrolling interest	—		—			(5,713		)	—			(5,713		)
Net income (loss) attributable to Nabors	$	94,760	$	(24,308	)	$	165,161		$	(140,853	)	$	94,760

Condensed Consolidating Statements of Comprehensive Income (Loss)

	Three Months Ended June 30, 2014
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net income (loss) attributable to Nabors	$	64,444		$	21,844		$	121,513		$	(143,357	)	$	64,444
Other comprehensive income (loss) before tax:
Translation adjustment attributable to Nabors	32,255			1,937			32,458			(34,395		)	32,255
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	(325		)	243			(82		)	(161		)	(325		)
Less: reclassification adjustment for (gains) losses on marketable securities	(4,903		)	(506		)	(5,409		)	5,915			(4,903		)
Unrealized gains/(losses) on marketable securities	(5,228		)	(263		)	(5,491		)	5,754			(5,228		)
Pension liability amortization and adjustment	123			123			246			(369		)	123
Unrealized gains/(losses) and amortization of cash flow hedges	153			153			153			(306		)	153
Other comprehensive income (loss) before tax	27,303			1,950			27,366			(29,316		)	27,303
Income tax expense (benefit) related to items of other comprehensive income (loss)	(784		)	(784		)	(1,863		)	2,647			(784		)
Other comprehensive income (loss), net of tax	28,087			2,734			29,229			(31,963		)	28,087
Comprehensive income (loss) attributable to Nabors	92,531			24,578			150,742			(175,320		)	92,531
Net income (loss) attributable to noncontrolling interest	—			—			253			—			253
Translation adjustment to noncontrolling interest	—			—			379			—			379
Comprehensive income (loss) attributable to noncontrolling interest	—			—			632			—			632
Comprehensive income (loss)	$	92,531		$	24,578		$	151,374		$	(175,320	)	$	93,163

	Three Months Ended June 30, 2013
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(4,361	)	$	(26,331	)	$	14,968		$	11,363		$	(4,361	)
Other comprehensive income (loss) before tax:
Translation adjustment attributable to Nabors	(29,304		)	(94		)	(29,398		)	29,492			(29,304		)
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	(5,137		)	48			(5,089		)	5,041			(5,137		)
Less: reclassification adjustment for (gains) losses on marketable securities	(12,183		)	(5,928		)	(18,111		)	24,039			(12,183		)
Unrealized gains/(losses) on marketable securities	(17,320		)	(5,880		)	(23,200		)	29,080			(17,320		)
Pension liability amortization and adjustment	281			281			562			(843		)	281
Unrealized gains/(losses) and amortization of cash flow hedges	153			153			153			(306		)	153
Other comprehensive income (loss) before tax	(46,190		)	(5,540		)	(51,883		)	57,423			(46,190		)
Income tax expense (benefit) related to items of other comprehensive income (loss)	(2,063		)	(2,063		)	(4,185		)	6,248			(2,063		)
Other comprehensive income (loss), net of tax	(44,127		)	(3,477		)	(47,698		)	51,175			(44,127		)
Comprehensive income (loss) attributable to Nabors	(48,488		)	(29,808		)	(32,730		)	62,538			(48,488		)
Net income (loss) attributable to noncontrolling interest	—			—			5,616			—			5,616
Translation adjustment to noncontrolling interest	—			—			613			—			613
Comprehensive income (loss) attributable to noncontrolling interest	—			—			6,229			—			6,229
Comprehensive income (loss)	$	(48,488	)	$	(29,808	)	$	(26,501	)	$	62,538		$	(42,259	)

	Six Months Ended June 30, 2014
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net income (loss) attributable to Nabors	$	114,363		$	(18,245	)	$	166,472		$	(148,227	)	$	114,363
Other comprehensive income (loss) before tax:
Translation adjustment attributable to Nabors	(4,339		)	1,721			(4,355		)	2,634			(4,339		)
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	(19,533		)	243			(19,290		)	19,047			(19,533		)
Less: reclassification adjustment for (gains) losses on marketable securities	(4,903		)	(506		)	(5,409		)	5,915			(4,903		)
Unrealized gains/(losses) on marketable securities	(24,436		)	(263		)	(24,699		)	24,962			(24,436		)
Pension liability amortization and adjustment	246			246			492			(738		)	246
Unrealized gains/(losses) and amortization of cash flow hedges	306			306			306			(612		)	306
Other comprehensive income (loss) before tax	(28,223		)	2,010			(28,256		)	26,246			(28,223		)
Income tax expense (benefit) related to items of other comprehensive income (loss)	(636		)	(636		)	(1,627		)	2,263			(636		)
Other comprehensive income (loss), net of tax	(27,587		)	2,646			(26,629		)	23,983			(27,587		)
Comprehensive income (loss) attributable to Nabors	86,776			(15,599		)	139,843			(124,244		)	86,776
Net income (loss) attributable to noncontrolling interest	—			—			826			—			826
Translation adjustment to noncontrolling interest	—			—			(102		)	—			(102		)
Comprehensive income (loss) attributable to noncontrolling interest	—			—			724			—			724
Comprehensive income (loss)	$	86,776		$	(15,599	)	$	140,567		$	(124,244	)	$	87,500

	Six Months Ended June 30, 2013
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net income (loss) attributable to Nabors	$	94,760		$	(24,308	)	$	165,161		$	(140,853	)	$	94,760
Other comprehensive income (loss) before tax:
Translation adjustment attributable to Nabors	(52,569		)	(146		)	(52,715		)	52,861			(52,569		)
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	5,002			233			5,235			(5,468		)	5,002
Less: reclassification adjustment for (gains) losses on marketable securities	(88,157		)	(7,114		)	(95,271		)	102,385			(88,157		)
Unrealized gains/(losses) on marketable securities	(83,155		)	(6,881		)	(90,036		)	96,917			(83,155		)
Pension liability amortization and adjustment	562			562			1,124			(1,686		)	562
Unrealized gains/(losses) and amortization of cash flow hedges	306			306			306			(612		)	306
Other comprehensive income (loss) before tax	(134,856		)	(6,159		)	(141,321		)	147,480			(134,856		)
Income tax expense (benefit) related to items of other comprehensive income (loss)	(2,277		)	(2,277		)	(4,672		)	6,949			(2,277		)
Other comprehensive income (loss), net of tax	(132,579		)	(3,882		)	(136,649		)	140,531			(132,579		)
Comprehensive income (loss) attributable to Nabors	(37,819		)	(28,190		)	28,512			(322		)	(37,819		)
Net income (loss) attributable to noncontrolling interest	—			—			5,713			—			5,713
Translation adjustment to noncontrolling interest	—			—			(801		)	—			(801		)
Comprehensive income (loss) attributable to noncontrolling interest	—			—			4,912			—			4,912
Comprehensive income (loss)	$	(37,819	)	$	(28,190	)	$	33,424		$	(322	)	$	(32,907	)

Condensed Consolidating Statements of Cash Flows

	Six Months Ended June 30, 2014
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	(11,728	)	$	(62,435	)	$	906,048		$	14,152		$	846,037
Cash flows from investing activities:
Purchase of investments	—			—			(266		)	—			(266		)
Sales and maturities of investments	—			—			23,238			—			23,238
Cash paid for acquisition of businesses, net	—			—			(10,200		)	—			(10,200		)
Investment in unconsolidated affiliates	—			—			(1,612		)	—			(1,612		)
Capital expenditures	—			—			(862,680		)	—			(862,680		)
Proceeds from sales of assets and insurance claims	—			—			69,343			—			69,343
Proceeds from sales of unconsolidated affiliates	—			—			—			—			—
Other	—			—			(761		)	—			(761		)
Cash paid for investments in consolidated affiliates	—			—			—			—			—
Changes in intercompany balances	—			4,182			(4,182		)	—			—
Net cash provided by (used for) investing activities	—			4,182			787,120			—			(782,905		)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts	—			—			(3,382		)	—			(3,382		)
Proceeds from (payments for) issuance of common shares	29,048			—			(1		)	—			29,047
Dividends to shareholders	(26,064		)	—			—			2,272			(23,792		)
Proceeds from (payments for) commercial paper, net	—			111,228			—			—			111,228
Proceeds from revolving credit facilities	—			—			—			—			—
Proceeds from parent contributions	—			—			—			—			—
Debt issuance costs	—			—			—			—			—
Proceeds from debt	—			—			15,000			—			15,000
Reduction in revolving credit facilities	—			—			—			—			—
Reduction in long-term debt	—			(60,000		)	(15,000		)	—			(75,000		)
Reduction in short-term debt	—			—			(10,000		)	—			(10,000		)
Redemption of subsidiary Preferred Shares	—			—			(70,875		)	—			(70,875		)
Proceeds from (payments for) issuance of parent common shares to affiliates	16,424			—			—			(16,424		)	—
Other	(7,304		)	—			—			—			(7,304		)
Net cash (used for) provided by financing activities	12,104			51,228			(84,258		)	(14,152		)	(35,078		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(6,978		)	—			(6,978		)
Net increase (decrease) in cash and cash equivalents	376			(7,025		)	27,692			—			21,043
Cash and cash equivalents, beginning of period	730			7,029			382,156			—			389,915
Cash and cash equivalents, end of period	$	1,106		$	4		$	409,848		$	—		$	410,958

	Six Months Ended June 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	$	(4,554	)	$	(147,280	)	$	787,443		$	29,799		$	665,408
Cash flows from investing activities:
Purchase of investments	—			—			—			—			—
Sales and maturities of investments	—			—			163,161			—			163,161
Cash paid for acquisition of businesses, net	—			—			(37,516		)	—			(37,516		)
Investment in unconsolidated affiliates	—			—			(3,927		)	—			(3,927		)
Capital expenditures	—			—			(500,368		)	—			(500,368		)
Proceeds from sales of assets and insurance claims	—			—			29,731			—			29,731
Proceeds from sales of unconsolidated affiliates	—			—			10,000			—			10,000
Other	—			—			(3,142		)	—			(3,142		)
Cash paid for investments in consolidated affiliates	—			(626,000		)	(1,252,000		)	1,878,000			—
Changes in intercompany balances	—			348,367			(348,367		)	—			—
Net cash provided by (used for) investing activities	—			(277,633		)	(1,942,428		)	1,878,000			(342,061		)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts	—			—			(8,686		)	—			(8,686		)
Proceeds from (payments for) issuance of common shares	3,200			—			—			—			3,200
Dividends to shareholders	(25,825		)	—			—			2,273			(23,552		)
Proceeds from (payments for) commercial paper, net	—			295,000			—			—			295,000
Proceeds from revolving credit facilities	—			—			—			—			—
Proceeds from parent contributions	—			626,000			1,252,000			(1,878,000		)	—
Debt issuance costs	—			(87		)	—			—			(87		)
Proceeds from debt	—			—			11,569			—			11,569
Reduction in revolving credit facilities	—			(590,000		)	—			—			(590,000		)
Reduction in long-term debt	—			—			(17,853		)	—			(17,853		)
Proceeds from (payments for) issuance of parent common shares to affiliates	32,072			—			—			(32,072		)	—
Other	(3,023		)	—			—			—			(3,023		)
Net cash (used for) provided by financing activities	6,424			330,913			1,237,030			(1,907,799		)	(333,432		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(6,709		)	—			(6,709		)
Net increase (decrease) in cash and cash equivalents	1,870			(94,000		)	75,336			—			(16,794		)
Cash and cash equivalents, beginning of period	1,639			106,778			416,505			—			524,922
Cash and cash equivalents, end of period	$	3,509		$	12,778		$	491,841		$	—		$	508,128