XML 110 R95.htm IDEA: XBRL DOCUMENT v3.6.0.2
Segment Information (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
USD ($)
Sep. 30, 2016
USD ($)
Jun. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Sep. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2016
USD ($)
segment
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Operating revenues and Earnings (losses) from unconsolidated affiliates:                      
Total operating revenues $ 538,948 $ 519,729 $ 571,591 $ 597,571 $ 738,872 $ 847,553 $ 863,305 $ 1,414,707 $ 2,227,839 $ 3,864,437 $ 6,804,197
Adjusted income (loss) derived from operating activities                      
Adjusted income (loss) derived from operating activities                 (118,335) 316,841 797,864
Earnings (losses) from unconsolidated affiliates                 (221,914) (75,081) (6,301)
Investment income (loss)                 1,183 2,308 11,831
Interest expense                 185,360 181,928 177,948
Impairments and other charges                 (505,164) (368,967) (1,005,110)
Other, net                 37,509 (39,172) 31,386
Income (loss) from continuing operations before income taxes                 (1,198,075) (427,535) (604,615)
Income tax expense (benefit)                 (186,831) (98,038) 62,666
Income (loss) from continuing operations, net of tax (330,196) (97,839) (186,565) (396,644) (161,090) (250,879) (41,890) 124,362 (1,011,244) (329,497) (669,265)
Income (loss) from discontinued operations, net of tax (4,266) (12,187) (984) (926) (1,730) (45,275) 5,025 (817) (18,363) (42,797) 21
Net income (loss) (334,462) (110,026) (187,549) (397,570) (162,820) (296,154) (36,865) 123,545 (1,029,607) (372,294) (669,244)
Less: Net (income) loss attributable to noncontrolling interest (1,125) (1,185) 2,899 (724) (834) 320 44 89 (135) (381) (1,415)
Net income (loss) attributable to Nabors (335,587) $ (111,211) $ (184,650) $ (398,294) (163,654) $ (295,834) $ (36,821) $ 123,634 (1,029,742) (372,675) (670,659)
ASSETS                      
Total assets 8,187,015       9,537,840       8,187,015 9,537,840  
Investment in unconsolidated affiliates 893       415,177       893 415,177  
Assets held for sale 76,668       75,678       76,668 75,678  
Equity in earnings (losses) from unconsolidated affiliates, net                 (221,914) (84,275) (7,102)
Depreciation and amortization:                      
Depreciation and amortization                 871,631 970,459 1,145,100
Capital expenditures and acquisitions of businesses                      
Capital expenditures and acquisitions                 414,379 923,236 1,923,779
C&J Energy Services, Ltd.                      
Adjusted income (loss) derived from operating activities                      
Earnings (losses) from unconsolidated affiliates                 (221,933) (81,260)  
Impairments and other charges                 $ (216,200)    
Drilling and Rig Services                      
Financial information with respect to reportable segments                      
Number of operating segments | segment                 4    
Operating segment | Reportable subsegments                      
Adjusted income (loss) derived from operating activities                      
Adjusted income (loss) derived from operating activities                 $ (118,335) 316,841 797,864
Operating segment | Drilling and Rig Services                      
Operating revenues and Earnings (losses) from unconsolidated affiliates:                      
Total operating revenues                 2,330,144 3,647,942 4,812,327
ASSETS                      
Total assets 7,461,879       8,564,102       7,461,879 8,564,102  
Depreciation and amortization:                      
Depreciation and amortization                 875,032 917,361 922,396
Capital expenditures and acquisitions of businesses                      
Capital expenditures and acquisitions                 380,941 840,673 1,781,092
Operating segment | Drilling and Rig Services | Reportable subsegments                      
Adjusted income (loss) derived from operating activities                      
Adjusted income (loss) derived from operating activities                 (118,335) 375,643 719,990
Operating segment | Drilling and Rig Services | Reportable subsegments | U.S.                      
Operating revenues and Earnings (losses) from unconsolidated affiliates:                      
Total operating revenues                 554,072 1,256,989 2,159,968
Adjusted income (loss) derived from operating activities                      
Adjusted income (loss) derived from operating activities                 (197,710) 87,051 370,173
ASSETS                      
Total assets 3,172,767       3,654,216       3,172,767 3,654,216  
Depreciation and amortization:                      
Depreciation and amortization                 388,367 425,952 465,506
Capital expenditures and acquisitions of businesses                      
Capital expenditures and acquisitions                 183,146 224,819 839,536
Operating segment | Drilling and Rig Services | Reportable subsegments | Canada                      
Operating revenues and Earnings (losses) from unconsolidated affiliates:                      
Total operating revenues                 51,472 137,494 335,192
Adjusted income (loss) derived from operating activities                      
Adjusted income (loss) derived from operating activities                 (36,818) (7,029) 52,468
ASSETS                      
Total assets 329,620       371,151       329,620 371,151  
Depreciation and amortization:                      
Depreciation and amortization                 42,143 46,786 55,986
Capital expenditures and acquisitions of businesses                      
Capital expenditures and acquisitions                 4,546 24,167 49,317
Operating segment | Drilling and Rig Services | Reportable subsegments | International                      
Operating revenues and Earnings (losses) from unconsolidated affiliates:                      
Total operating revenues                 1,508,890 1,862,393 1,624,259
Adjusted income (loss) derived from operating activities                      
Adjusted income (loss) derived from operating activities                 164,677 308,262 243,975
ASSETS                      
Total assets 3,600,057       4,108,416       3,600,057 4,108,416  
Depreciation and amortization:                      
Depreciation and amortization                 411,372 411,004 367,345
Capital expenditures and acquisitions of businesses                      
Capital expenditures and acquisitions                 169,640 578,896 788,748
Operating segment | Drilling and Rig Services | Reportable subsegments | Rig Services                      
Operating revenues and Earnings (losses) from unconsolidated affiliates:                      
Total operating revenues                 215,710 391,066 692,908
Adjusted income (loss) derived from operating activities                      
Adjusted income (loss) derived from operating activities                 (48,484) (12,641) 53,374
ASSETS                      
Total assets 359,435       430,319       359,435 430,319  
Depreciation and amortization:                      
Depreciation and amortization                 33,150 33,619 33,559
Capital expenditures and acquisitions of businesses                      
Capital expenditures and acquisitions                 23,609 12,791 103,491
Operating segment | Completion and Production Services                      
Operating revenues and Earnings (losses) from unconsolidated affiliates:                      
Total operating revenues                   366,372 2,251,437
Depreciation and amortization:                      
Depreciation and amortization                   53,735 224,422
Capital expenditures and acquisitions of businesses                      
Capital expenditures and acquisitions                   45,691 156,106
Operating segment | Completion and Production Services | Reportable subsegments                      
Adjusted income (loss) derived from operating activities                      
Adjusted income (loss) derived from operating activities                   (58,802) 77,874
Operating segment | Completion and Production Services | Reportable subsegments | Completion Services                      
Operating revenues and Earnings (losses) from unconsolidated affiliates:                      
Total operating revenues                   207,860 1,217,899
Adjusted income (loss) derived from operating activities                      
Adjusted income (loss) derived from operating activities                   (55,243) (15,540)
Depreciation and amortization:                      
Depreciation and amortization                   27,133 109,917
Operating segment | Completion and Production Services | Reportable subsegments | Production Services                      
Operating revenues and Earnings (losses) from unconsolidated affiliates:                      
Total operating revenues                   158,512 1,033,538
Adjusted income (loss) derived from operating activities                      
Adjusted income (loss) derived from operating activities                   (3,559) 93,414
Depreciation and amortization:                      
Depreciation and amortization                   26,602 114,505
Other reconciling items (3)                      
Operating revenues and Earnings (losses) from unconsolidated affiliates:                      
Total operating revenues                 (102,305) (149,877) (259,567)
Adjusted income (loss) derived from operating activities                      
Adjusted income (loss) derived from operating activities                 (130,976) (159,880) (193,565)
ASSETS                      
Total assets $ 724,243       $ 558,561       724,243 558,561  
Depreciation and amortization:                      
Depreciation and amortization                 (3,401) (637) (1,718)
Capital expenditures and acquisitions of businesses                      
Capital expenditures and acquisitions                 $ 33,438 $ 36,872 $ (13,419)