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Unaudited Quarterly Financial Information (Tables)
 12 Months Ended
Dec. 31, 2016
Unaudited Quarterly Financial Information  
Unaudited Quarterly Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2016

 

 

 

Quarter Ended

 

 

    

March 31,

    

June 30,

    

September 30,

    

December 31,

 

 

 

(In thousands, except per share amounts)

 

Operating revenues

 

$
597,571

 

$
571,591

 

$
519,729

 

$
538,948

 

Income (loss) from continuing operations, net of tax

 

$
(396,644)

 

$
(186,565)

 

$
(97,839)

 

$
(330,196)

 

Income (loss) from discontinued operations, net of tax

 

 
(926)

 

 
(984)

 

 
(12,187)

 

 
(4,266)

 

Net income (loss)

 

 
(397,570)

 

 
(187,549)

 

 
(110,026)

 

 
(334,462)

 

Less: Net (income) loss attributable to noncontrolling interest

 

 
(724)

 

 
2,899

 

 
(1,185)

 

 
(1,125)

 

Net income (loss) attributable to Nabors

 

$
(398,294)

 

$
(184,650)

 

$
(111,211)

 

$
(335,587)

 

Earnings (losses) per share: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic from continuing operations

 

$
(1.41)

 

$
(0.65)

 

$
(0.35)

 

$
(1.17)

 

Basic from discontinued operations

 

 

 —

 

 

 —

 

 
(0.04)

 

 
(0.01)

 

Total Basic

 

$
(1.41)

 

$
(0.65)

 

$
(0.39)

 

$
(1.18)

 

Diluted from continuing operations

 

$
(1.41)

 

$
(0.65)

 

$
(0.35)

 

$
(1.17)

 

Diluted from discontinued operations

 

 

 —

 

 

 —

 

 
(0.04)

 

 
(0.01)

 

Total Diluted

 

$
(1.41)

 

$
(0.65)

 

$
(0.39)

 

$
(1.18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2015

 

 

 

Quarter Ended

 

 

    

March 31,

    

June 30,

    

September 30,

    

December 31,

 

 

 

(In thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$
1,414,707

 

$
863,305

 

$
847,553

 

$
738,872

 

Income (loss) from continuing operations, net of tax

 

$
124,362

 

$
(41,890)

 

$
(250,879)

 

$
(161,090)

 

Income (loss) from discontinued operations, net of tax

 

 
(817)

 

 
5,025

 

 
(45,275)

 

 
(1,730)

 

Net income (loss)

 

 
123,545

 

 
(36,865)

 

 
(296,154)

 

 
(162,820)

 

Less: Net (income) loss attributable to noncontrolling interest

 

 
89

 

 
44

 

 
320

 

 
(834)

 

Net income (loss) attributable to Nabors

 

$
123,634

 

$
(36,821)

 

$
(295,834)

 

$
(163,654)

 

Earnings (losses) per share: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic from continuing operations

 

$
0.43

 

$
(0.14)

 

$
(0.86)

 

$
(0.57)

 

Basic from discontinued operations

 

 

 —

 

 
0.01

 

 
(0.16)

 

 
(0.01)

 

Total Basic

 

$
0.43

 

$
(0.13)

 

$
(1.02)

 

$
(0.58)

 

Diluted from continuing operations

 

$
0.43

 

$
(0.14)

 

$
(0.86)

 

$
(0.57)

 

Diluted from discontinued operations

 

 
(0.01)

 

 
0.01

 

 
(0.16)

 

 
(0.01)

 

Total Diluted

 

$
0.42

 

$
(0.13)

 

$
(1.02)

 

$
(0.58)

 

Earnings per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly earnings per share may not equal the total computed for the year.