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Investments in Unconsolidated Affiliates (Tables)
9 Months Ended
Sep. 30, 2016
Investments in Unconsolidated Affiliates  
Schedule of equity in earnings of unconsolidated affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

    

September 30,

 

September 30,

 

 

 

2016

 

 

2015

 

2016

 

2015

 

 

 

(In thousands)

 

Nabors' share of equity method earnings (losses)

 

$

 —

(1)

 

$

(35,100)

 

$

(221,933)

 

$

(35,900)

 


(1)

As we wrote off the remaining carrying value of our investment in CJES during the second quarter of 2016, we did not record our share of the earnings (losses) of CJES for the three months ended June 30, 2016 as we are not contractually responsible for losses beyond our investment.

 

Investments in unconsolidated affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

March 31,

 

December 31,

 

June 30,

 

 

    

2016

 

2016

 

2015

 

2015

 

 

 

 

 

 

(In thousands)

 

 

 

 

Gross revenues

 

$

225,168

 

$

269,615

 

$

409,011

 

$

912,381

 

Gross margin

 

 

(4,603)

 

 

7,849

 

 

37,417

 

 

146,772

 

Net income (loss)

 

 

(291,116)

 

 

(428,412)

 

 

(321,742)

 

 

(95,784)

 

Nabors' share of equity method earnings (losses)

 

 

 —

 

 

(54,788)

 

 

(167,145)

 

 

(35,900)