XML 75 R50.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidating Financial Information - Statements of Income (Loss) (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues and other income:    
Operating revenues $ 562,550 $ 597,571
Earnings (losses) from unconsolidated affiliates 2 (167,151)
Investment income (loss) 721 343
Total revenues and other income 563,273 430,763
Costs and other deductions:    
Direct costs 387,644 365,023
General and administrative expenses 63,409 62,334
Research and engineering 11,757 8,162
Depreciation and amortization 203,672 215,818
Interest expense 56,518 45,730
Other, net 13,510 182,404
Total costs and other deductions 736,510 879,471
Income (loss) from continuing operations before income taxes (173,237) (448,708)
Income tax expense (benefit) (25,609) (52,064)
Income (loss) from continuing operations, net of tax (147,628) (396,644)
Income (loss) from discontinued operations, net of tax (439) (926)
Net income (loss) (148,067) (397,570)
Less: Net (income) loss attributable to noncontrolling interest (917) (724)
Net income (loss) attributable to Nabors (148,984) (398,294)
Consolidating Adjustments    
Revenues and other income:    
Earnings (losses) from consolidated affiliates 292,827 639,827
Investment income (loss) (2,980) (2,981)
Intercompany interest income   (160)
Total revenues and other income 289,847 636,686
Costs and other deductions:    
General and administrative expenses (179) (157)
Other, net 179 157
Intercompany interest expense   (160)
Total costs and other deductions   (160)
Income (loss) from continuing operations before income taxes 289,847 636,846
Income (loss) from continuing operations, net of tax 289,847 636,846
Net income (loss) 289,847 636,846
Net income (loss) attributable to Nabors 289,847 636,846
Parent Company | Reportable Legal Entities    
Revenues and other income:    
Earnings (losses) from consolidated affiliates (145,871) (395,770)
Investment income (loss) 17  
Total revenues and other income (145,854) (395,770)
Costs and other deductions:    
General and administrative expenses 3,298 2,362
Other, net (159) 157
Intercompany interest expense (9) 5
Total costs and other deductions 3,130 2,524
Income (loss) from continuing operations before income taxes (148,984) (398,294)
Income (loss) from continuing operations, net of tax (148,984) (398,294)
Net income (loss) (148,984) (398,294)
Net income (loss) attributable to Nabors (148,984) (398,294)
Guarantor Subsidiaries | Reportable Legal Entities    
Revenues and other income:    
Earnings (losses) from consolidated affiliates (50,717) (106,087)
Investment income (loss) 63 123
Intercompany interest income   160
Total revenues and other income (50,654) (105,804)
Costs and other deductions:    
General and administrative expenses 137 131
Depreciation and amortization 31 31
Interest expense 60,755 50,664
Other, net 11,397 65
Total costs and other deductions 72,320 50,891
Income (loss) from continuing operations before income taxes (122,974) (156,695)
Income tax expense (benefit) (26,735) (18,725)
Income (loss) from continuing operations, net of tax (96,239) (137,970)
Net income (loss) (96,239) (137,970)
Net income (loss) attributable to Nabors (96,239) (137,970)
Other Subsidiaries (Non-Guarantors) | Reportable Legal Entities    
Revenues and other income:    
Operating revenues 562,550 597,571
Earnings (losses) from unconsolidated affiliates 2 (167,151)
Earnings (losses) from consolidated affiliates (96,239) (137,970)
Investment income (loss) 3,621 3,201
Total revenues and other income 469,934 295,651
Costs and other deductions:    
Direct costs 387,644 365,023
General and administrative expenses 60,153 59,998
Research and engineering 11,757 8,162
Depreciation and amortization 203,641 215,787
Interest expense (4,237) (4,934)
Other, net 2,093 182,025
Intercompany interest expense 9 155
Total costs and other deductions 661,060 826,216
Income (loss) from continuing operations before income taxes (191,126) (530,565)
Income tax expense (benefit) 1,126 (33,339)
Income (loss) from continuing operations, net of tax (192,252) (497,226)
Income (loss) from discontinued operations, net of tax (439) (926)
Net income (loss) (192,691) (498,152)
Less: Net (income) loss attributable to noncontrolling interest (917) (724)
Net income (loss) attributable to Nabors $ (193,608) $ (498,876)