XML 64 R54.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidating Financial Information - Statements of Income (Loss) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues and other income:        
Operating revenues $ 662,103 $ 519,729 $ 1,856,008 $ 1,688,891
Earnings (losses) from unconsolidated affiliates 4 2 6 (221,918)
Investment income (loss) 373 310 208 923
Total revenues and other income 662,480 520,041 1,856,222 1,467,896
Costs and other deductions:        
Direct costs 441,263 306,436 1,246,428 1,012,738
General and administrative expenses 65,010 56,078 192,114 175,036
Research and engineering 12,960 8,476 36,060 24,818
Depreciation and amortization 217,075 220,713 628,837 655,444
Interest expense 54,607 46,836 165,813 137,803
Other, net 5,559 10,392 29,173 267,403
Total costs and other deductions 796,474 648,931 2,298,425 2,273,242
Income (loss) from continuing operations before income taxes (133,994) (128,890) (442,203) (805,346)
Income tax expense (benefit) (14,709) (31,051) (59,814) (124,298)
Income (loss) from continuing operations, net of tax (119,285) (97,839) (382,389) (681,048)
Income (loss) from discontinued operations, net of tax (27,134) (12,187) (43,077) (14,097)
Net income (loss) (146,419) (110,026) (425,466) (695,145)
Less: Net (income) loss attributable to noncontrolling interest (2,113) (1,185) (5,001) 990
Net income (loss) attributable to Nabors (148,532) (111,211) (430,467) (694,155)
Consolidating Adjustments        
Revenues and other income:        
Earnings (losses) from consolidated affiliates 242,768 230,179 746,229 1,118,370
Investment income (loss) (2,980) (2,981) (8,940) (8,943)
Intercompany interest income   (153)   (417)
Total revenues and other income 239,788 227,045 737,289 1,109,010
Costs and other deductions:        
General and administrative expenses (490) (167) (994) (481)
Other, net 490 167 994 481
Intercompany interest expense   (153)   (417)
Total costs and other deductions   (153)   (417)
Income (loss) from continuing operations before income taxes 239,788 227,198 737,289 1,109,427
Income (loss) from continuing operations, net of tax 239,788 227,198 737,289 1,109,427
Net income (loss) 239,788 227,198 737,289 1,109,427
Net income (loss) attributable to Nabors 239,788 227,198 737,289 1,109,427
Parent Company | Reportable Legal Entities        
Revenues and other income:        
Earnings (losses) from consolidated affiliates (144,837) (107,229) (420,300) (685,148)
Investment income (loss) 1   16 1
Intercompany interest income   (9)    
Total revenues and other income (144,836) (107,238) (420,284) (685,147)
Costs and other deductions:        
General and administrative expenses 3,705 3,053 10,362 7,767
Other, net (9) 929 (170) 1,245
Intercompany interest expense   (9) (9) (4)
Total costs and other deductions 3,696 3,973 10,183 9,008
Income (loss) from continuing operations before income taxes (148,532) (111,211) (430,467) (694,155)
Income (loss) from continuing operations, net of tax (148,532) (111,211) (430,467) (694,155)
Net income (loss) (148,532) (111,211) (430,467) (694,155)
Net income (loss) attributable to Nabors (148,532) (111,211) (430,467) (694,155)
Guarantor Subsidiaries | Reportable Legal Entities        
Revenues and other income:        
Earnings (losses) from consolidated affiliates (31,085) (45,527) (102,067) (168,639)
Investment income (loss) (1)   63 132
Intercompany interest income   162   417
Total revenues and other income (31,086) (45,365) (102,004) (168,090)
Costs and other deductions:        
General and administrative expenses 243 182 573 448
Depreciation and amortization 31 31 93 93
Interest expense 56,429 50,595 173,689 152,318
Other, net 60 (18) 19,033 (18)
Total costs and other deductions 56,763 50,790 193,388 152,841
Income (loss) from continuing operations before income taxes (87,849) (96,155) (295,392) (320,931)
Income tax expense (benefit) (21,003) (18,732) (71,530) (56,348)
Income (loss) from continuing operations, net of tax (66,846) (77,423) (223,862) (264,583)
Net income (loss) (66,846) (77,423) (223,862) (264,583)
Net income (loss) attributable to Nabors (66,846) (77,423) (223,862) (264,583)
Other Subsidiaries (Non-Guarantors) | Reportable Legal Entities        
Revenues and other income:        
Operating revenues 662,103 519,729 1,856,008 1,688,891
Earnings (losses) from unconsolidated affiliates 4 2 6 (221,918)
Earnings (losses) from consolidated affiliates (66,846) (77,423) (223,862) (264,583)
Investment income (loss) 3,353 3,291 9,069 9,733
Total revenues and other income 598,614 445,599 1,641,221 1,212,123
Costs and other deductions:        
Direct costs 441,263 306,436 1,246,428 1,012,738
General and administrative expenses 61,552 53,010 182,173 167,302
Research and engineering 12,960 8,476 36,060 24,818
Depreciation and amortization 217,044 220,682 628,744 655,351
Interest expense (1,822) (3,759) (7,876) (14,515)
Other, net 5,018 9,314 9,316 265,695
Intercompany interest expense   162 9 421
Total costs and other deductions 736,015 594,321 2,094,854 2,111,810
Income (loss) from continuing operations before income taxes (137,401) (148,722) (453,633) (899,687)
Income tax expense (benefit) 6,294 (12,319) 11,716 (67,950)
Income (loss) from continuing operations, net of tax (143,695) (136,403) (465,349) (831,737)
Income (loss) from discontinued operations, net of tax (27,134) (12,187) (43,077) (14,097)
Net income (loss) (170,829) (148,590) (508,426) (845,834)
Less: Net (income) loss attributable to noncontrolling interest (2,113) (1,185) (5,001) 990
Net income (loss) attributable to Nabors $ (172,942) $ (149,775) $ (513,427) $ (844,844)