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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues and other income:        
Operating revenues $ 631,355 $ 571,591 $ 1,193,905 $ 1,169,162
Earnings (losses) from unconsolidated affiliates   (54,769) 2 (221,920)
Investment income (loss) (886) 270 (165) 613
Total revenues and other income 630,469 517,092 1,193,742 947,855
Costs and other deductions:        
Direct costs 417,521 341,279 805,165 706,302
General and administrative expenses 63,695 56,624 127,104 118,958
Research and engineering 11,343 8,180 23,100 16,342
Depreciation and amortization 208,090 218,913 411,762 434,731
Interest expense 54,688 45,237 111,206 90,967
Other, net 10,104 74,607 23,614 257,011
Total costs and other deductions 765,441 744,840 1,501,951 1,624,311
Income (loss) from continuing operations before income taxes (134,972) (227,748) (308,209) (676,456)
Income tax expense (benefit):        
Current 14,313 15,898 37,002 30,723
Deferred (33,809) (57,081) (82,107) (123,970)
Total income tax expense (benefit) (19,496) (41,183) (45,105) (93,247)
Income (loss) from continuing operations, net of tax (115,476) (186,565) (263,104) (583,209)
Income (loss) from discontinued operations, net of tax (15,504) (984) (15,943) (1,910)
Net income (loss) (130,980) (187,549) (279,047) (585,119)
Less: Net (income) loss attributable to noncontrolling interest (1,971) 2,899 (2,888) 2,175
Net income (loss) attributable to Nabors (132,951) (184,650) (281,935) (582,944)
Amounts attributable to Nabors:        
Net income (loss) from continuing operations (117,447) (183,666) (265,992) (581,034)
Net income (loss) from discontinued operations (15,504) (984) (15,943) (1,910)
Net income (loss) attributable to Nabors $ (132,951) $ (184,650) $ (281,935) $ (582,944)
Earnings (losses) per share:        
Basic from continuing operations (in dollars per share) $ (0.41) $ (0.65) $ (0.93) $ (2.06)
Basic from discontinued operations (in dollars per share) (0.05)   (0.06) (0.01)
Total Basic (in dollars per share) (0.46) (0.65) (0.99) (2.07)
Diluted from continuing operations (in dollars per share) (0.41) (0.65) (0.93) (2.06)
Diluted from discontinued operations (in dollars per share) (0.05)   (0.06) (0.01)
Total Diluted (in dollars per share) $ (0.46) $ (0.65) $ (0.99) $ (2.07)
Weighted-average number of common shares outstanding:        
Basic (in shares) 278,916 276,550 278,348 276,201
Diluted (in shares) 278,916 276,550 278,348 276,201
Dividends declared per common share (in dollars per share) $ 0.06 $ 0.06 $ 0.06 $ 0.06