XML 46 R65.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidating Financial Information (Details 2) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues and other income:        
Operating revenues $ 847,553 $ 1,813,762 $ 3,125,565 $ 5,020,361
Earnings (losses) from unconsolidated affiliates (35,100) (2,851) (29,714) (5,872)
Investment income (loss) (22) 2,189 2,128 10,235
Total revenues and other income 812,431 1,813,100 3,097,979 5,024,724
Costs and other deductions:        
Direct costs 518,174 1,181,986 1,926,306 3,310,220
General and administrative expenses 81,748 138,967 295,171 406,863
Depreciation and amortization 240,107 286,581 739,322 851,528
Interest expense 44,448 43,138 135,518 134,251
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net 259,731 (1,513) 205,227 16,467
Total costs and other deductions 1,144,208 1,649,159 3,301,544 4,719,329
Income (loss) from continuing operations before income tax (331,777) 163,941 (203,565) 305,395
Income tax expense (benefit) (80,898) 61,511 (35,158) 86,275
Subsidiary preferred stock dividend       1,984
Income (loss) from continuing operations, net of tax (250,879) 102,430 (168,407) 217,136
Income (loss) from discontinued operations, net of tax (45,275) 4,005 (41,067) 4,488
Net income (loss) (296,154) 106,435 (209,474) 221,624
Less: Net (income) loss attributable to noncontrolling interest 320 (387) 453 (1,213)
Net income (loss) attributable to Nabors (295,834) 106,048 (209,021) 220,411
Reportable Legal Entities | Nabors (Parent/Guarantor)        
Revenues and other income:        
Earnings (losses) from consolidated affiliates (293,510) 116,378 (189,624) 235,970
Total revenues and other income (293,510) 116,378 (189,624) 235,970
Costs and other deductions:        
General and administrative expenses 2,216 3,097 7,047 7,989
Interest expense     (1)  
Intercompany interest expense (1) 7 23 66
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net 109 7,226 12,328 7,504
Total costs and other deductions 2,324 10,330 19,397 15,559
Income (loss) from continuing operations before income tax (295,834) 106,048 (209,021) 220,411
Income (loss) from continuing operations, net of tax (295,834) 106,048 (209,021) 220,411
Net income (loss) (295,834) 106,048 (209,021) 220,411
Net income (loss) attributable to Nabors (295,834) 106,048 (209,021) 220,411
Reportable Legal Entities | Nabors Delaware (Issuer)        
Revenues and other income:        
Earnings (losses) from consolidated affiliates (47,522) 67,504 (40,029) 112,112
Investment income (loss)   1,694 560 1,840
Intercompany interest income 913   5,539  
Total revenues and other income (46,609) 69,198 (33,930) 113,952
Costs and other deductions:        
General and administrative expenses 180 7,957 (143) 7,607
Depreciation and amortization 31 902 674 2,706
Interest expense 49,320 49,415 151,297 148,097
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net       (223)
Total costs and other deductions 49,531 58,274 151,828 158,187
Income (loss) from continuing operations before income tax (96,140) 10,924 (185,758) (44,235)
Income tax expense (benefit) (17,989) (20,935) (53,920) (57,849)
Income (loss) from continuing operations, net of tax (78,151) 31,859 (131,838) 13,614
Net income (loss) (78,151) 31,859 (131,838) 13,614
Net income (loss) attributable to Nabors (78,151) 31,859 (131,838) 13,614
Reportable Legal Entities | Other Subsidiaries (Non-Guarantors)        
Revenues and other income:        
Operating revenues 847,553 1,813,762 3,125,565 5,020,361
Earnings (losses) from unconsolidated affiliates (35,100) (2,851) (29,714) (5,872)
Earnings (losses) from consolidated affiliates (78,151) 31,859 (131,838) 13,614
Investment income (loss) 2,305 2,199 8,549 12,371
Total revenues and other income 736,607 1,844,969 2,972,562 5,040,474
Costs and other deductions:        
Direct costs 518,174 1,181,986 1,926,306 3,310,220
General and administrative expenses 79,487 128,065 288,686 391,697
Depreciation and amortization 240,076 285,679 738,648 848,822
Interest expense (4,872) (6,277) (15,778) (13,846)
Intercompany interest expense 914 (7) 5,516 (66)
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net 259,487 (8,891) 192,480 8,756
Total costs and other deductions 1,093,266 1,580,555 3,135,858 4,545,583
Income (loss) from continuing operations before income tax (356,659) 264,414 (163,296) 494,891
Income tax expense (benefit) (62,909) 82,446 18,762 144,124
Subsidiary preferred stock dividend       1,984
Income (loss) from continuing operations, net of tax (293,750) 181,968 (182,058) 348,783
Income (loss) from discontinued operations, net of tax (45,275) 4,005 (41,067) 4,488
Net income (loss) (339,025) 185,973 (223,125) 353,271
Less: Net (income) loss attributable to noncontrolling interest 320 (387) 453 (1,213)
Net income (loss) attributable to Nabors (338,705) 185,586 (222,672) 352,058
Consolidating Adjustments        
Revenues and other income:        
Earnings (losses) from consolidated affiliates 419,183 (215,741) 361,491 (361,696)
Investment income (loss) (2,327) (1,704) (6,981) (3,976)
Intercompany interest income (913)   (5,539)  
Total revenues and other income 415,943 (217,445) 348,971 (365,672)
Costs and other deductions:        
General and administrative expenses (135) (152) (419) (430)
Intercompany interest expense (913)   (5,539)  
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net 135 152 419 430
Total costs and other deductions (913)   (5,539)  
Income (loss) from continuing operations before income tax 416,856 (217,445) 354,510 (365,672)
Income (loss) from continuing operations, net of tax 416,856 (217,445) 354,510 (365,672)
Net income (loss) 416,856 (217,445) 354,510 (365,672)
Net income (loss) attributable to Nabors $ 416,856 $ (217,445) $ 354,510 $ (365,672)