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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues and other income:                      
Operating revenues                 $ 6,060,351 $ 4,134,483 $ 3,662,220
Earnings (losses) from unconsolidated affiliates (2,700) 33,700 9,300 16,300 4,900 11,800 8,900 7,700 56,647 33,267 (155,432)
Investment income (loss)                 19,940 7,263 25,522
Total revenues and other income                 6,136,938 4,175,013 3,532,310
Costs and other deductions:                      
Direct costs                 3,775,964 2,400,519 1,981,504
General and administrative expenses                 489,892 338,720 421,492
Depreciation and amortization                 924,094 760,962 663,958
Interest expense                 256,633 272,712 266,047
Losses (gains) on sales and retirements of long-lived assets and other expense (income), net                 4,514 47,238 11,982
Impairments and other charges                 198,072 61,292 118,543
Total costs and other deductions                 5,649,169 3,881,443 3,463,526
Income (loss) from continuing operations before income tax                 487,769 293,570 68,784
Income tax expense (benefit):                      
Current                 109,702 (77,209) 71,458
Deferred                 32,903 114,159 (135,395)
Total income tax expense (benefit)                 142,605 36,950 (63,937)
Subsidiary preferred stock dividend                 3,000 750  
Income (loss) from continuing operations, net of tax 89,535 87,190 70,887 94,552 152,097 12,347 44,949 46,477 342,164 255,870 132,721
Income (loss) from discontinued operations, net of tax (193,985) (12,226) 121,167 (12,396) (100,323) (51,501) (1,887) (7,379) (97,440) (161,090) (218,609)
Net income (loss)                 244,724 94,780 (85,888)
Less: Net (income) loss attributable to noncontrolling interest (1,400) (708) 394 669 (1,293) (453) 559 1,102 (1,045) (85) 342
Net income (loss) attributable to Nabors $ (105,850) $ 74,256 $ 192,448 $ 82,825 $ 50,481 $ (39,607) $ 43,621 $ 40,200 $ 243,679 $ 94,695 $ (85,546)
Earnings (losses) per share:                      
Basic from continuing operations $ 0.31 $ 0.30 $ 0.25 $ 0.33 $ 0.53 $ 0.04 $ 0.16 $ 0.17 $ 1.19 $ 0.90 $ 0.47
Basic from discontinued operations $ (0.68) $ (0.04) $ 0.42 $ (0.04) $ (0.35) $ (0.18) $ (0.01) $ (0.03) $ (0.34) $ (0.57) $ (0.77)
Total Basic $ (0.37) $ 0.26 $ 0.67 $ 0.29 $ 0.18 $ (0.14) $ 0.15 $ 0.14 $ (0.85) $ 0.33 $ (0.30)
Diluted from continuing operations $ 0.30 $ 0.30 $ 0.24 $ 0.33 $ 0.52 $ 0.04 $ 0.16 $ 0.16 $ 1.17 $ 0.88 $ 0.46
Diluted from discontinued operations $ (0.66) $ (0.05) $ 0.41 $ (0.05) $ (0.35) $ (0.18) $ (0.01) $ (0.02) $ (0.34) $ (0.55) $ (0.76)
Total Diluted $ (0.36) $ 0.25 $ 0.65 $ 0.28 $ 0.17 $ (0.14) $ 0.15 $ 0.14 $ 0.83 $ 0.33 $ (0.30)
Weighted-average number of common shares outstanding:                      
Basic                 287,118 285,145 283,326
Diluted   292,484             292,484 289,996 286,502