Note 12 Condensed Consolidating Financial Information

Nabors has fully and unconditionally guaranteed all of the issued public debt securities of Nabors Delaware, a wholly owned subsidiary. 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 September 30, 2016 and December 31, 2015, statements of income (loss) and statements of other comprehensive income (loss) for the three and nine months ended September 30, 2016 and 2015, and statements of cash flows for the nine months ended September 30, 2016 and 2015 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


	September 30, 2016
					Other
	Nabors			Nabors	Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		Guarantors)		Adjustments		Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	1,055	$	8	$	175,980	$	—	$	177,043
Short-term investments		—		—		23,607		—		23,607
Assets held for sale		—		—		69,436		—		69,436
Accounts receivable, net		—		—		503,966		—		503,966
Inventory		—		—		141,934		—		141,934
Other current assets		50		6,694		149,350		—		156,094
Total current assets		1,105		6,702		1,064,273		—		1,072,080
Property, plant and equipment, net		—		—		6,616,711		—		6,616,711
Goodwill		—		—		167,131		—		167,131
Intercompany receivables		136,195		11,000		1,442,201		(1,589,396)		—
Investment in consolidated affiliates		3,541,138		4,891,538		1,178,531		(9,611,207)		—
Investment in unconsolidated affiliates		—		—		889		—		889
Deferred tax assets		—		423,166		—		(423,166)		—
Other long-term assets		—		413		784,550		(217,270)		567,693
Total assets	$	3,678,438	$	5,332,819	$	11,254,286	$	(11,841,039)	$	8,424,504

	LIABILITIES AND EQUITY
Current liabilities:
Current debt	$	—	$	—	$	120	$	—	$	120
Trade accounts payable		110		114		215,403		—		215,627
Accrued liabilities		20,399		18,239		509,699		—		548,337
Income taxes payable		—		—		23,778		—		23,778
Total current liabilities		20,509		18,353		749,000		—		787,862
Long-term debt		—		3,693,248		—		(217,270)		3,475,978
Other long-term liabilities		—		22,606		528,398		—		551,004
Deferred income taxes		—		—		434,132		(423,166)		10,966
Intercompany payable		66,000		1,523,396		—		(1,589,396)		—
Total liabilities		86,509		5,257,603		1,711,530		(2,229,832)		4,825,810
Shareholders’ equity		3,591,929		75,216		9,535,991		(9,611,207)		3,591,929
Noncontrolling interest		—		—		6,765		—		6,765
Total equity		3,591,929		75,216		9,542,756		(9,611,207)		3,598,694
Total liabilities and equity	$	3,678,438	$	5,332,819	$	11,254,286	$	(11,841,039)	$	8,424,504

Condensed Consolidating Balance Sheets


	December 31, 2015
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		Guarantors)		Adjustments		Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	873	$	10	$	253,647	$	—	$	254,530
Short-term investments		—		—		20,059		—		20,059
Assets held for sale		—		—		75,678		—		75,678
Accounts receivable, net		—		—		784,671		—		784,671
Inventory		—		—		153,824		—		153,824
Other current assets		50		9,016		178,069		—		187,135
Total current assets		923		9,026		1,465,948		—		1,475,897
Property, plant and equipment, net		—		—		7,027,802		—		7,027,802
Goodwill		—		—		166,659		—		166,659
Intercompany receivables		139,366		11,000		1,260,310		(1,410,676)		—
Investment in consolidated affiliates		4,183,362		4,973,327		1,284,225		(10,440,914)		—
Investment in unconsolidated affiliates		—		—		415,177		—		415,177
Deferred tax assets		—		366,818		—		(366,818)		—
Other long-term assets		—		12,907		507,336		(67,938)		452,305
Total assets	$	4,323,651	$	5,373,078	$	12,127,457	$	(12,286,346)	$	9,537,840

	LIABILITIES AND EQUITY
Current liabilities:
Current debt	$	—	$	—	$	6,508	$	—	$	6,508
Trade accounts payable		71		3		271,910		—		271,984
Accrued liabilities		370		64,550		621,693		—		686,613
Income taxes payable		—		—		41,394		—		41,394
Total current liabilities		441		64,553		941,505		—		1,006,499
Long-term debt		—		3,723,138		—		(67,938)		3,655,200
Other long-term liabilities		—		35,086		517,861		—		552,947
Deferred income taxes		—		—		396,144		(366,818)		29,326
Intercompany payable		40,500		1,370,176		—		(1,410,676)		—
Total liabilities		40,941		5,192,953		1,855,510		(1,845,432)		5,243,972
Shareholders’ equity		4,282,710		180,125		10,260,789		(10,440,914)		4,282,710
Noncontrolling interest		—		—		11,158		—		11,158
Total equity		4,282,710		180,125		10,271,947		(10,440,914)		4,293,868
Total liabilities and equity	$	4,323,651	$	5,373,078	$	12,127,457	$	(12,286,346)	$	9,537,840

Condensed Consolidating Statements of Income (Loss)


	Three Months Ended September 30, 2016
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—	$	519,729	$	—	$	519,729
Earnings (losses) from unconsolidated affiliates		—		—		2		—		2
Earnings (losses) from consolidated affiliates		(107,229)		(45,527)		(77,423)		230,179		—
Investment income (loss)		—		—		3,291		(2,981)		310
Intercompany interest income		(9)		162		—		(153)		—
Total revenues and other income		(107,238)		(45,365)		445,599		227,045		520,041
Costs and other deductions:
Direct costs		—		—		306,436		—		306,436
General and administrative expenses		3,053		182		53,010		(167)		56,078
Research and engineering		—		—		8,476		—		8,476
Depreciation and amortization		—		31		220,682		—		220,713
Interest expense		—		50,595		(3,759)		—		46,836
Other, net		929		(18)		9,314		167		10,392
Intercompany interest expense		(9)		—		162		(153)		—
Total costs and other deductions		3,973		50,790		594,321		(153)		648,931
Income (loss) from continuing operations before income taxes		(111,211)		(96,155)		(148,722)		227,198		(128,890)
Income tax expense (benefit)		—		(18,732)		(12,319)		—		(31,051)
Income (loss) from continuing operations, net of tax		(111,211)		(77,423)		(136,403)		227,198		(97,839)
Income (loss) from discontinued operations, net of tax		—		—		(12,187)		—		(12,187)
Net income (loss)		(111,211)		(77,423)		(148,590)		227,198		(110,026)
Less: Net (income) loss attributable to noncontrolling interest		—		—		(1,185)		—		(1,185)
Net income (loss) attributable to Nabors	$	(111,211)	$	(77,423)	$	(149,775)	$	227,198	$	(111,211)

Condensed Consolidating Statements of Income (Loss)


	Three Months Ended September 30, 2015
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)

Revenues and other income:
Operating revenues	$	—	$	—	$	847,553	$	—	$	847,553
Earnings from unconsolidated affiliates		—		—		(35,100)		—		(35,100)
Earnings (losses) from consolidated affiliates		(293,510)		(47,522)		(78,151)		419,183		—
Investment income (loss)		—		—		2,305		(2,327)		(22)
Intercompany interest income		—		913		—		(913)		—
Total revenues and other income		(293,510)		(46,609)		736,607		415,943		812,431
Costs and other deductions:
Direct costs		—		—		518,174		—		518,174
General and administrative expenses		2,216		180		69,771		(135)		72,032
Research and engineering		—		—		9,716		—		9,716
Depreciation and amortization		—		31		240,076		—		240,107
Interest expense		—		49,320		(4,872)		—		44,448
Other, net		109		—		259,487		135		259,731
Intercompany interest expense		(1)		—		914		(913)		—
Total costs and other deductions		2,324		49,531		1,093,266		(913)		1,144,208
Income (loss) from continuing operations before income taxes		(295,834)		(96,140)		(356,659)		416,856		(331,777)
Income tax expense (benefit)		—		(17,989)		(62,909)		—		(80,898)
Income (loss) from continuing operations, net of tax		(295,834)		(78,151)		(293,750)		416,856		(250,879)
Income (loss) from discontinued operations, net of tax		—		—		(45,275)		—		(45,275)
Net income (loss)		(295,834)		(78,151)		(339,025)		416,856		(296,154)
Less: Net (income) loss attributable to noncontrolling interest		—		—		320		—		320
Net income (loss) attributable to Nabors	$	(295,834)	$	(78,151)	$	(338,705)	$	416,856	$	(295,834)

Condensed Consolidating Statements of Income (Loss)


	Nine Months Ended September 30, 2016
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—	$	1,688,891	$	—	$	1,688,891
Earnings (losses) from unconsolidated affiliates		—		—		(221,918)		—		(221,918)
Earnings (losses) from consolidated affiliates		(685,148)		(168,639)		(264,583)		1,118,370		—
Investment income (loss)		1		132		9,733		(8,943)		923
Intercompany interest income		—		417		—		(417)		—
Total revenues and other income		(685,147)		(168,090)		1,212,123		1,109,010		1,467,896
Costs and other deductions:
Direct costs		—		—		1,012,738		—		1,012,738
General and administrative expenses		7,767		448		167,302		(481)		175,036
Research and engineering		—		—		24,818		—		24,818
Depreciation and amortization		—		93		655,351		—		655,444
Interest expense		—		152,318		(14,515)		—		137,803
Other, net		1,245		(18)		265,695		481		267,403
Intercompany interest expense		(4)		—		421		(417)		—
Total costs and other deductions		9,008		152,841		2,111,810		(417)		2,273,242
Income (loss) from continuing operations before income taxes		(694,155)		(320,931)		(899,687)		1,109,427		(805,346)
Income tax expense (benefit)		—		(56,348)		(67,950)		—		(124,298)
Income (loss) from continuing operations, net of tax		(694,155)		(264,583)		(831,737)		1,109,427		(681,048)
Income (loss) from discontinued operations, net of tax		—		—		(14,097)		—		(14,097)
Net income (loss)		(694,155)		(264,583)		(845,834)		1,109,427		(695,145)
Less: Net (income) loss attributable to noncontrolling interest		—		—		990		—		990
Net income (loss) attributable to Nabors	$	(694,155)	$	(264,583)	$	(844,844)	$	1,109,427	$	(694,155)

Condensed Consolidating Statements of Income (Loss)


	Nine Months Ended September 30, 2015
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—	$	3,125,565	$	—	$	3,125,565
Earnings from unconsolidated affiliates		—		—		(29,714)		—		(29,714)
Earnings (losses) from consolidated affiliates		(189,624)		(40,029)		(131,838)		361,491		—
Investment income (loss)		—		560		8,549		(6,981)		2,128
Intercompany interest income		—		5,539		—		(5,539)		—
Total revenues and other income		(189,624)		(33,930)		2,972,562		348,971		3,097,979
Costs and other deductions:
Direct costs		—		—		1,926,306		—		1,926,306
General and administrative expenses		7,047		(143)		256,787		(419)		263,272
Research and engineering		—		—		31,899		—		31,899
Depreciation and amortization		—		674		738,648		—		739,322
Interest expense		(1)		151,297		(15,778)		—		135,518
Other, net		12,328		—		192,480		419		205,227
Intercompany interest expense		23		—		5,516		(5,539)		—
Total costs and other deductions		19,397		151,828		3,135,858		(5,539)		3,301,544
Income (loss) from continuing operations before income taxes		(209,021)		(185,758)		(163,296)		354,510		(203,565)
Income tax expense (benefit)		—		(53,920)		18,762		—		(35,158)
Income (loss) from continuing operations, net of tax		(209,021)		(131,838)		(182,058)		354,510		(168,407)
Income (loss) from discontinued operations, net of tax		—		—		(41,067)		—		(41,067)
Net income (loss)		(209,021)		(131,838)		(223,125)		354,510		(209,474)
Less: Net (income) loss attributable to noncontrolling interest		—		—		453		—		453
Net income (loss) attributable to Nabors	$	(209,021)	$	(131,838)	$	(222,672)	$	354,510	$	(209,021)

Condensed Consolidating Statements of Comprehensive Income (Loss)


	Three Months Ended September 30, 2016
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(111,211)	$	(77,423)	$	(149,775)	$	227,198	$	(111,211)
Other comprehensive income (loss) before tax:
Translation adjustment attributable to Nabors
Unrealized loss on translation adjustment		(8,950)		12		(8,938)		8,926		(8,950)
Less: reclassification adjustment for realized loss on translation adjustment		—		—		—		—		—
Translation adjustment attributable to Nabors		(8,950)		12		(8,938)		8,926		(8,950)
Unrealized gains (losses) on marketable securities:
Unrealized gains (losses) on marketable securities		1,502		—		2,782		(2,782)		1,502
Less: reclassification adjustment for (gains) losses included in net income (loss)		3,495		—		3,495		(3,495)		3,495
Unrealized gains (losses) on marketable securities		4,997		—		6,277		(6,277)		4,997
Pension liability amortization and adjustment		297		297		594		(891)		297
Unrealized gains (losses) and amortization on cash flow hedges		153		153		153		(306)		153
Other comprehensive income (loss) before tax		(3,503)		462		(1,914)		1,452		(3,503)
Income tax expense (benefit) related to items of other comprehensive income (loss)		172		172		284		(456)		172
Other comprehensive income (loss), net of tax		(3,675)		290		(2,198)		1,908		(3,675)
Comprehensive income (loss) attributable to Nabors		(114,886)		(77,133)		(151,973)		229,106		(114,886)
Net income (loss) attributable to noncontrolling interest		—		—		1,185		—		1,185
Translation adjustment attributable to noncontrolling interest		—		—		(90)		—		(90)
Comprehensive income (loss) attributable to noncontrolling interest		—		—		1,095		—		1,095
Comprehensive income (loss)	$	(114,886)	$	(77,133)	$	(150,878)	$	229,106	$	(113,791)

Condensed Consolidating Statements of Comprehensive Income (Loss)


	Three Months Ended September 30, 2015
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(295,834)	$	(78,151)	$	(338,705)	$	416,856	$	(295,834)
Other comprehensive income (loss) before tax:
Translation adjustment attributable to Nabors
Unrealized loss on translation adjustment		(38,859)		—		(38,859)		38,859		(38,859)
Less: reclassification adjustment for realized loss on translation adjustment		—		—		—		—		—
Translation adjustment attributable to Nabors		(38,859)		—		(38,859)		38,859		(38,859)
Unrealized gains (losses) on marketable securities:
Unrealized gains (losses) on marketable securities		(8,127)		—		(8,127)		8,127		(8,127)
Less: reclassification adjustment for (gains) losses included in net income (loss)		—		—		—		—		—
Unrealized gains (losses) on marketable securities		(8,127)		—		(8,127)		8,127		(8,127)
Pension liability amortization and adjustment		276		276		552		(828)		276
Unrealized gains (losses) and amortization on cash flow hedges		153		153		153		(306)		153
Other comprehensive income (loss) before tax		(46,557)		429		(46,281)		45,852		(46,557)
Income tax expense (benefit) related to items of other comprehensive income (loss)		162		162		264		(426)		162
Other comprehensive income (loss), net of tax		(46,719)		267		(46,545)		46,278		(46,719)
Comprehensive income (loss) attributable to Nabors		(342,553)		(77,884)		(385,250)		463,134		(342,553)
Net income (loss) attributable to noncontrolling interest		—		—		(320)		—		(320)
Translation adjustment attributable to noncontrolling interest		—		—		(476)		—		(476)
Comprehensive income (loss) attributable to noncontrolling interest		—		—		(796)		—		(796)
Comprehensive income (loss)	$	(342,553)	$	(77,884)	$	(386,046)	$	463,134	$	(343,349)

Condensed Consolidating Statements of Comprehensive Income (Loss)


	Nine Months Ended September 30, 2016
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(694,155)	$	(264,583)	$	(844,844)	$	1,109,427	$	(694,155)
Other comprehensive income (loss) before tax
Translation adjustment attributable to Nabors:
Unrealized loss on translation adjustment		27,870		(39)		27,870		(27,831)		27,870
Less: reclassification adjustment for realized loss on translation adjustment		—		—		—		—		—
Translation adjustment attributable to Nabors		27,870		(39)		27,870		(27,831)		27,870
Unrealized gains (losses) on marketable securities:
Unrealized gains (losses) on marketable securities		3,551		—		3,551		(3,551)		3,551
Less: reclassification adjustment for (gains) losses included in net income (loss)		3,495		—		3,495		(3,495)		3,495
Unrealized gains (losses) on marketable securities		7,046		—		7,046		(7,046)		7,046
Pension liability amortization and adjustment		765		765		1,530		(2,295)		765
Unrealized gains (losses) and amortization on cash flow hedges		459		459		459		(918)		459
Other comprehensive income (loss) before tax		36,140		1,185		36,905		(38,090)		36,140
Income tax expense (benefit) related to items of other comprehensive income (loss)		472		472		765		(1,237)		472
Other comprehensive income (loss), net of tax		35,668		713		36,140		(36,853)		35,668
Comprehensive income (loss) attributable to Nabors		(658,487)		(263,870)		(808,704)		1,072,574		(658,487)
Net income (loss) attributable to noncontrolling interest		—		—		(990)		—		(990)
Translation adjustment attributable to noncontrolling interest		—		—		371		—		371
Comprehensive income (loss) attributable to noncontrolling interest		—		—		(619)		—		(619)
Comprehensive income (loss)	$	(658,487)	$	(263,870)	$	(809,323)	$	1,072,574	$	(659,106)

Condensed Consolidating Statements of Comprehensive Income (Loss)


	Nine Months Ended September 30, 2015
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(209,021)	$	(131,838)	$	(222,672)	$	354,510	$	(209,021)
Other comprehensive income (loss) before tax
Translation adjustment attributable to Nabors:
Unrealized loss on translation adjustment		(95,125)		51		(95,074)		95,023		(95,125)
Less: reclassification adjustment for realized loss on translation adjustment		5,365		—		5,365		(5,365)		5,365
Translation adjustment attributable to Nabors		(89,760)		51		(89,709)		89,658		(89,760)
Unrealized gains (losses) on marketable securities:
Unrealized gains (losses) on marketable securities		(10,127)		—		(10,127)		10,127		(10,127)
Less: reclassification adjustment for (gains) losses included in net income (loss)		—		—		—		—		—
Unrealized gains (losses) on marketable securities		(10,127)		—		(10,127)		10,127		(10,127)
Pension liability amortization and adjustment		828		828		1,656		(2,484)		828
Unrealized gains (losses) and amortization on cash flow hedges		459		459		459		(918)		459
Other comprehensive income (loss) before tax		(98,600)		1,338		(97,721)		96,383		(98,600)
Income tax expense (benefit) related to items of other comprehensive income (loss)		485		485		791		(1,276)		485
Other comprehensive income (loss), net of tax		(99,085)		853		(98,512)		97,659		(99,085)
Comprehensive income (loss) attributable to Nabors		(308,106)		(130,985)		(321,184)		452,169		(308,106)
Net income (loss) attributable to noncontrolling interest		—		—		(453)		—		(453)
Translation adjustment attributable to noncontrolling interest		—		—		(1,194)		—		(1,194)
Comprehensive income (loss) attributable to noncontrolling interest		—		—		(1,647)		—		(1,647)
Comprehensive income (loss)	$	(308,106)	$	(130,985)	$	(322,831)	$	452,169	$	(309,753)

Condensed Consolidating Statements Cash Flows


	Nine Months Ended September 30, 2016
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net cash provided by (used for) operating activities	$	18,320	$	(276,655)	$	669,063	$	(5,960)	$	404,768
Cash flows from investing activities:
Purchases of investments		—		—		(24)		—		(24)
Sales and maturities of investments		—		—		643		—		643
Cash paid for investments in consolidated affiliates		—		(86,459)		(159,000)		245,459		—
Capital expenditures		—		—		(284,950)		—		(284,950)
Proceeds from sales of assets and insurance claims		—		—		26,597		—		26,597
Change in intercompany balances		—		239,112		(239,112)		—		—
Other		—		—		(19)		—		(19)
Net cash provided by (used for) investing activities		—		152,653		(655,865)		245,459		(257,753)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts		—		—		5		—		5
Proceeds from revolving credit facilities		—		560,000		—		—		560,000
Reduction in revolving credit facilities		—		(260,000)		—		—		(260,000)
Proceeds from (payments for) issuance of common shares		562		—		—		—		562
Repurchase of common shares		—		—		(1,687)		—		(1,687)
Reduction in long-term debt		—		(350,000)		(142,625)		—		(492,625)
Dividends to shareholders		(39,887)		—		—		5,960		(33,927)
Proceeds from (payments for) commercial paper, net		—		15,000		—		—		15,000
Proceeds from parent contributions		—		159,000		86,459		(245,459)		—
Proceeds from (payments for) short-term borrowings		—		—		(6,388)		—		(6,388)
Proceeds from issuance of intercompany debt		25,500		—		(25,500)		—		—
Other		(4,313)		—		—		—		(4,313)
Net cash (used for) provided by financing activities		(18,138)		124,000		(89,736)		(239,499)		(223,373)
Effect of exchange rate changes on cash and cash equivalents		—		—		(1,129)		—		(1,129)
Net increase (decrease) in cash and cash equivalents		182		(2)		(77,667)		—		(77,487)
Cash and cash equivalents, beginning of period		873		10		253,647		—		254,530
Cash and cash equivalents, end of period	$	1,055	$	8	$	175,980	$	—	$	177,043

Condensed Consolidating Statements Cash Flows


	Nine Months Ended September 30, 2015
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net cash provided by (used for) operating activities	$	39,956		(188,781)		782,139		(28,303)		605,011
Cash flows from investing activities:
Purchases of investments		—		—		(8)		—		(8)
Sales and maturities of investments		—		—		859		—		859
Cash paid for acquisitions of businesses, net		—		—		(57,909)		—		(57,909)
Investments in unconsolidated affiliates		—		—		(445)		—		(445)
Proceeds from merger transaction		5,500		646,078		(1,528)		—		650,050
Capital expenditures		—		—		(744,047)		—		(744,047)
Proceeds from sale of assets and insurance claims		—		—		30,164		—		30,164
Other		—		—		1,700		—		1,700
Change in intercompany balances		—		67,194		(67,194)		—		—
Net cash provided by (used for) investing activities		5,500		713,272		(838,408)		—		(119,636)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts		—		—		363		—		363
Proceeds from (payments for) issuance of parent common shares to affiliates		1,198		—		—		—		1,198
Dividends to shareholders		(59,470)		—		—		6,981		(52,489)
Proceeds from (payments for) commercial paper, net		—		(162,544)		—		—		(162,544)
Proceeds from issuance of intercompany debt		47,000		88,058		(135,058)		—		—
Reduction in revolving credit facilities		—		(450,000)		—		—		(450,000)
Proceeds from term loan		—		300,000		—		—		300,000
Payments on term loan		—		(300,000)		—		—		(300,000)
Purchase of treasury stock		—		—		(44,978)		—		(44,978)
Proceeds from short-term borrowings		—		—		2,792		—		2,792
Paydown of intercompany debt		(27,000)		—		27,000		—		—
Payments on parent (Equity or N/P)		—		—		(21,322)		21,322		—
Other		(7,534)		—		—		—		(7,534)
Net cash (used for) provided by financing activities		(45,806)		(524,486)		(171,203)		28,303		(713,192)
Effect of exchange rate changes on cash and cash equivalents		—		—		(21,966)		—		(21,966)
Net increase (decrease) in cash and cash equivalents		(350)		5		(249,438)		—		(249,783)
Cash and cash equivalents, beginning of period		1,170		7		499,972		—		501,149
Cash and cash equivalents, end of period	$	820	$	12	$	250,534	$	—	$	251,366