XML 67 R64.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidating Financial Information (Details 3) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Statements of Comprehensive Income (Loss)        
Net income (loss) attributable to Nabors $ 64,444 $ (4,361) $ 114,363 $ 94,760
Other comprehensive income (loss) before taxes:        
Translation adjustment attributable to Nabors 32,255 (29,304) (4,339) (52,569)
Unrealized gains/(losses) on marketable securities:        
Unrealized gains/(losses) on marketable securities (325) (5,137) (19,533) 5,002
Less: reclassification adjustment for (gains)/losses on marketable securities (4,903) (12,183) (4,903) (88,157)
Unrealized gains/(losses) on marketable securities (5,228) (17,320) (24,436) (83,155)
Pension liability amortization and adjustment 123 281 246 562
Unrealized gains/(losses) and amortization of cash flow hedges 153 153 306 306
Other comprehensive income (loss), before tax 27,303 (46,190) (28,223) (134,856)
Income tax expense (benefit) related to items of other comprehensive income (loss) (784) (2,063) (636) (2,277)
Other comprehensive income (loss), net of tax 28,087 (44,127) (27,587) (132,579)
Comprehensive income (loss) attributable to Nabors 92,531 (48,488) 86,776 (37,819)
Net income (loss) attributable to noncontrolling interest 253 5,616 826 5,713
Translation adjustment to noncontrolling interest (379) (613) 102 801
Comprehensive income (loss) attributable to noncontrolling interest (632) (6,229) (724) (4,912)
Comprehensive income (loss) 93,163 (42,259) 87,500 (32,907)
Other Subsidiaries (Non-Guarantors)
       
Unrealized gains/(losses) on marketable securities:        
Net income (loss) attributable to noncontrolling interest 253 5,616 826 5,713
Translation adjustment to noncontrolling interest (379) (613) 102 801
Comprehensive income (loss) attributable to noncontrolling interest (632) (6,229) (724) (4,912)
Reportable Legal Entities | Nabors (Parent/Guarantor)
       
Statements of Comprehensive Income (Loss)        
Net income (loss) attributable to Nabors 64,444 (4,361) 114,363 94,760
Other comprehensive income (loss) before taxes:        
Translation adjustment attributable to Nabors 32,255 (29,304) (4,339) (52,569)
Unrealized gains/(losses) on marketable securities:        
Unrealized gains/(losses) on marketable securities (325) (5,137) (19,533) 5,002
Less: reclassification adjustment for (gains)/losses on marketable securities (4,903) (12,183) (4,903) (88,157)
Unrealized gains/(losses) on marketable securities (5,228) (17,320) (24,436) (83,155)
Pension liability amortization and adjustment 123 281 246 562
Unrealized gains/(losses) and amortization of cash flow hedges 153 153 306 306
Other comprehensive income (loss), before tax 27,303 (46,190) (28,223) (134,856)
Income tax expense (benefit) related to items of other comprehensive income (loss) (784) (2,063) (636) (2,277)
Other comprehensive income (loss), net of tax 28,087 (44,127) (27,587) (132,579)
Comprehensive income (loss) attributable to Nabors 92,531 (48,488) 86,776 (37,819)
Comprehensive income (loss) 92,531 (48,488) 86,776 (37,819)
Reportable Legal Entities | Nabors Delaware (Issuer)
       
Statements of Comprehensive Income (Loss)        
Net income (loss) attributable to Nabors 21,844 (26,331) (18,245) (24,308)
Other comprehensive income (loss) before taxes:        
Translation adjustment attributable to Nabors 1,937 (94) 1,721 (146)
Unrealized gains/(losses) on marketable securities:        
Unrealized gains/(losses) on marketable securities 243 48 243 233
Less: reclassification adjustment for (gains)/losses on marketable securities (506) (5,928) (506) (7,114)
Unrealized gains/(losses) on marketable securities (263) (5,880) (263) (6,881)
Pension liability amortization and adjustment 123 281 246 562
Unrealized gains/(losses) and amortization of cash flow hedges 153 153 306 306
Other comprehensive income (loss), before tax 1,950 (5,540) 2,010 (6,159)
Income tax expense (benefit) related to items of other comprehensive income (loss) (784) (2,063) (636) (2,277)
Other comprehensive income (loss), net of tax 2,734 (3,477) 2,646 (3,882)
Comprehensive income (loss) attributable to Nabors 24,578 (29,808) (15,599) (28,190)
Comprehensive income (loss) 24,578 (29,808) (15,599) (28,190)
Reportable Legal Entities | Other Subsidiaries (Non-Guarantors)
       
Statements of Comprehensive Income (Loss)        
Net income (loss) attributable to Nabors 121,513 14,968 166,472 165,161
Other comprehensive income (loss) before taxes:        
Translation adjustment attributable to Nabors 32,458 (29,398) (4,355) (52,715)
Unrealized gains/(losses) on marketable securities:        
Unrealized gains/(losses) on marketable securities (82) (5,089) (19,290) 5,235
Less: reclassification adjustment for (gains)/losses on marketable securities (5,409) (18,111) (5,409) (95,271)
Unrealized gains/(losses) on marketable securities (5,491) (23,200) (24,699) (90,036)
Pension liability amortization and adjustment 246 562 492 1,124
Unrealized gains/(losses) and amortization of cash flow hedges 153 153 306 306
Other comprehensive income (loss), before tax 27,366 (51,883) (28,256) (141,321)
Income tax expense (benefit) related to items of other comprehensive income (loss) (1,863) (4,185) (1,627) (4,672)
Other comprehensive income (loss), net of tax 29,229 (47,698) (26,629) (136,649)
Comprehensive income (loss) attributable to Nabors 150,742 (32,730) 139,843 28,512
Comprehensive income (loss) 151,374 (26,501) 140,567 33,424
Consolidating Adjustments
       
Statements of Comprehensive Income (Loss)        
Net income (loss) attributable to Nabors (143,357) 11,363 (148,227) (140,853)
Other comprehensive income (loss) before taxes:        
Translation adjustment attributable to Nabors (34,395) 29,492 2,634 52,861
Unrealized gains/(losses) on marketable securities:        
Unrealized gains/(losses) on marketable securities (161) 5,041 19,047 (5,468)
Less: reclassification adjustment for (gains)/losses on marketable securities 5,915 24,039 5,915 102,385
Unrealized gains/(losses) on marketable securities 5,754 29,080 24,962 96,917
Pension liability amortization and adjustment (369) (843) (738) (1,686)
Unrealized gains/(losses) and amortization of cash flow hedges (306) (306) (612) (612)
Other comprehensive income (loss), before tax (29,316) 57,423 26,246 147,480
Income tax expense (benefit) related to items of other comprehensive income (loss) 2,647 6,248 2,263 6,949
Other comprehensive income (loss), net of tax (31,963) 51,175 23,983 140,531
Comprehensive income (loss) attributable to Nabors (175,320) 62,538 (124,244) (322)
Comprehensive income (loss) $ (175,320) $ 62,538 $ (124,244) $ (322)