Condensed Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2018

Condensed Consolidating Financial Information

Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

	September 30, 2018
					Other
	Nabors			Nabors	Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		Guarantors)		Adjustments		Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	769	$	42	$	346,714	$	—	$	347,525
Short-term investments		—		—		41,033		—		41,033
Accounts receivable, net		—		—		775,137		—		775,137
Inventory, net		—		—		166,827		—		166,827
Assets held for sale		—		—		20,289		—		20,289
Other current assets		50		—		188,179		—		188,229
Total current assets		819		42		1,538,179		—		1,539,040
Property, plant and equipment, net		—		—		5,608,948		—		5,608,948
Goodwill		—		—		172,976		—		172,976
Intercompany receivables		92,611		382,513		—		(475,124)		—
Investment in consolidated affiliates		2,867,184		5,416,336		4,052,458		(12,335,978)		—
Deferred income taxes		—		376,767		407,851		(376,767)		407,851
Other long-term assets		—		173		250,884		(19,325)		231,732
Total assets	$	2,960,614	$	6,175,831	$	12,031,296	$	(13,207,194)	$	7,960,547
	LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—	$	—	$	433	$	—	$	433
Trade accounts payable		173		152		331,388		—		331,713
Accrued liabilities		29,219		20,248		343,009		—		392,476
Income taxes payable		—		—		27,770		—		27,770
Total current liabilities		29,392		20,400		702,600		—		752,392
Long-term debt		—		3,756,598		—		(19,325)		3,737,273
Other long-term liabilities		—		16,306		256,301		—		272,607
Deferred income taxes		—		—		400,549		(376,767)		23,782
Intercompany payable		—		—		475,124		(475,124)		—
Total liabilities		29,392		3,793,304		1,834,574		(871,216)		4,786,054
Redeemable noncontrolling interest in subsidiary		—		—		210,665		—		210,665
Shareholders’ equity		2,931,222		2,382,527		9,953,451		(12,335,978)		2,931,222
Noncontrolling interest		—		—		32,606		—		32,606
Total equity		2,931,222		2,382,527		9,986,057		(12,335,978)		2,963,828
Total liabilities and equity	$	2,960,614	$	6,175,831	$	12,031,296	$	(13,207,194)	$	7,960,547

Condensed Consolidating Balance Sheets

	December 31, 2017
					Other
	Nabors		Nabors		Subsidiaries
	(Parent/		Delaware		(Non-		Consolidating
	Guarantor)		(Issuer)		Guarantors)		Adjustments		Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	1,091	$	44	$	335,862	$	—	$	336,997
Short-term investments		—		—		28,369		—		28,369
Accounts receivable, net		—		—		698,477		—		698,477
Inventory, net		—		—		166,307		—		166,307
Assets held for sale		—		—		37,052		—		37,052
Other current assets		50		56		180,028		—		180,134
Total current assets		1,141		100		1,446,095		—		1,447,336
Property, plant and equipment, net		—		—		6,109,565		—		6,109,565
Goodwill		—		—		173,226		—		173,226
Intercompany receivables		133,602		481,092		—		(614,694)		—
Investment in consolidated affiliates		2,799,320		5,531,799		3,799,933		(12,131,052)		—
Deferred income taxes		—		333,349		419,003		(333,349)		419,003
Other long-term assets		—		78		324,919		(72,143)		252,854
Total assets	$	2,934,063	$	6,346,418	$	12,272,741	$	(13,151,238)	$	8,401,984
	LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—	$	—	$	181	$	—	$	181
Trade accounts payable		147		124		363,145		—		363,416
Accrued liabilities		21,100		67,760		444,184		—		533,044
Income taxes payable		—		—		22,835		—		22,835
Total current liabilities		21,247		67,884		830,345		—		919,476
Long-term debt		—		4,099,909		—		(72,143)		4,027,766
Other long-term liabilities		—		16,284		285,349		—		301,633
Deferred income taxes		—		—		343,687		(333,349)		10,338
Intercompany payable		1,000		—		613,694		(614,694)		—
Total liabilities		22,247		4,184,077		2,073,075		(1,020,186)		5,259,213
Redeemable noncontrolling interest in subsidiary		—		—		203,998		—		203,998
Shareholders’ equity		2,911,816		2,162,341		9,968,711		(12,131,052)		2,911,816
Noncontrolling interest		—		—		26,957		—		26,957
Total equity		2,911,816		2,162,341		9,995,668		(12,131,052)		2,938,773
Total liabilities and equity	$	2,934,063	$	6,346,418	$	12,272,741	$	(13,151,238)	$	8,401,984

Condensed Consolidating Statements of Income (Loss)

Condensed Consolidating Statements of Income (Loss)

	Three Months Ended September 30, 2018
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—	$	779,425	$	—	$	779,425
Earnings (losses) from unconsolidated affiliates		—		—		—		—		—
Earnings (losses) from consolidated affiliates		(112,066)		78,395		30,508		3,163		—
Investment income (loss)		—		—		1,826		(3,168)		(1,342)
Total revenues and other income		(112,066)		78,395		811,759		(5)		778,083
Costs and other deductions:
Direct costs		—		—		497,194		—		497,194
General and administrative expenses		2,294		94		64,415		10		66,813
Research and engineering		—		—		14,458		—		14,458
Depreciation and amortization		—		31		208,486		—		208,517
Interest expense, net		—		51,590		(175)		—		51,415
Other, net		206		10,476		12,235		(10)		22,907
Intercompany interest expense, net		11		—		(11)		—		—
Total costs and other deductions		2,511		62,191		796,602		—		861,304
Income (loss) from continuing operations before income taxes		(114,577)		16,204		15,157		(5)		(83,221)
Income tax expense (benefit)		—		(14,304)		24,793		—		10,489
Income (loss) from continuing operations, net of tax		(114,577)		30,508		(9,636)		(5)		(93,710)
Income (loss) from discontinued operations, net of tax		—		—		(13,933)		—		(13,933)
Net income (loss)		(114,577)		30,508		(23,569)		(5)		(107,643)
Less: Net (income) loss attributable to noncontrolling interest		—		—		(6,934)		—		(6,934)
Net income (loss) attributable to Nabors		(114,577)		30,508		(30,503)		(5)		(114,577)
Less: Preferred stock dividend		(4,313)		—		—		—		(4,313)
Net income (loss) attributable to Nabors common shareholders	$	(118,890)	$	30,508	$	(30,503)	$	(5)	$	(118,890)

Condensed Consolidating Statements of Income (Loss)

	Three Months Ended September 30, 2017
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—	$	662,103	$	—	$	662,103
Earnings (losses) from unconsolidated affiliates		—		—		4		—		4
Earnings (losses) from consolidated affiliates		(144,837)		(31,085)		(66,846)		242,768		—
Investment income (loss)		1		(1)		3,353		(2,980)		373
Total revenues and other income		(144,836)		(31,086)		598,614		239,788		662,480
Costs and other deductions:
Direct costs		—		—		441,263		—		441,263
General and administrative expenses		3,705		243		61,552		(490)		65,010
Research and engineering		—		—		12,960		—		12,960
Depreciation and amortization		—		31		217,044		—		217,075
Interest expense, net		—		56,429		(1,822)		—		54,607
Other, net		(9)		60		5,018		490		5,559
Total costs and other deductions		3,696		56,763		736,015		—		796,474
Income (loss) from continuing operations before income taxes		(148,532)		(87,849)		(137,401)		239,788		(133,994)
Income tax expense (benefit)		—		(21,003)		6,294		—		(14,709)
Income (loss) from continuing operations, net of tax		(148,532)		(66,846)		(143,695)		239,788		(119,285)
Income (loss) from discontinued operations, net of tax		—		—		(27,134)		—		(27,134)
Net income (loss)		(148,532)		(66,846)		(170,829)		239,788		(146,419)
Less: Net (income) loss attributable to noncontrolling interest		—		—		(2,113)		—		(2,113)
Net income (loss) attributable to Nabors	$	(148,532)	$	(66,846)	$	(172,942)	$	239,788	$	(148,532)

Condensed Consolidating Statements of Income (Loss)

	Nine Months Ended September 30, 2018
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—	$	2,275,539	$	—	$	2,275,539
Earnings (losses) from unconsolidated affiliates		—		—		1		—		1
Earnings (losses) from consolidated affiliates		(448,485)		161,420		16,063		271,002		—
Investment income (loss)		2		—		5,274		(9,317)		(4,041)
Total revenues and other income		(448,483)		161,420		2,296,877		261,685		2,271,499
Costs and other deductions:
Direct costs		—		—		1,466,572		—		1,466,572
General and administrative expenses		7,531		493		201,681		(498)		209,207
Research and engineering		—		—		42,703		—		42,703
Depreciation and amortization		—		93		640,134		—		640,227
Interest expense, net		—		177,713		(4,320)		—		173,393
Other, net		1,405		10,476		102,218		498		114,597
Intercompany interest expense, net		111		—		(111)		—		—
Total costs and other deductions		9,047		188,775		2,448,877		—		2,646,699
Income (loss) from continuing operations before income taxes		(457,530)		(27,355)		(152,000)		261,685		(375,200)
Income tax expense (benefit)		—		(43,418)		100,730		—		57,312
Income (loss) from continuing operations, net of tax		(457,530)		16,063		(252,730)		261,685		(432,512)
Income (loss) from discontinued operations, net of tax		—		—		(14,592)		—		(14,592)
Net income (loss)		(457,530)		16,063		(267,322)		261,685		(447,104)
Less: Net (income) loss attributable to noncontrolling interest		—		—		(10,426)		—		(10,426)
Net income (loss) attributable to Nabors		(457,530)		16,063		(277,748)		261,685		(457,530)
Less: Preferred stock dividend		(7,993)		—		—		—		(7,993)
Net income (loss) attributable to Nabors common shareholders	$	(465,523)	$	16,063	$	(277,748)	$	261,685	$	(465,523)

Condensed Consolidating Statements of Income (Loss)

	Nine Months Ended September 30, 2017
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—	$	1,856,008	$	—	$	1,856,008
Earnings (losses) from unconsolidated affiliates		—		—		6		—		6
Earnings (losses) from consolidated affiliates		(420,300)		(102,067)		(223,862)		746,229		—
Investment income (loss)		16		63		9,069		(8,940)		208
Total revenues and other income		(420,284)		(102,004)		1,641,221		737,289		1,856,222
Costs and other deductions:
Direct costs		—		—		1,246,428		—		1,246,428
General and administrative expenses		10,362		573		182,173		(994)		192,114
Research and engineering		—		—		36,060		—		36,060
Depreciation and amortization		—		93		628,744		—		628,837
Interest expense, net		—		173,689		(7,876)		—		165,813
Other, net		(170)		19,033		9,316		994		29,173
Intercompany interest expense, net		(9)		—		9		—		—
Total costs and other deductions		10,183		193,388		2,094,854		—		2,298,425
Income (loss) from continuing operations before income taxes		(430,467)		(295,392)		(453,633)		737,289		(442,203)
Income tax expense (benefit)		—		(71,530)		11,716		—		(59,814)
Income (loss) from continuing operations, net of tax		(430,467)		(223,862)		(465,349)		737,289		(382,389)
Income (loss) from discontinued operations, net of tax		—		—		(43,077)		—		(43,077)
Net income (loss)		(430,467)		(223,862)		(508,426)		737,289		(425,466)
Less: Net (income) loss attributable to noncontrolling interest		—		—		(5,001)		—		(5,001)
Net income (loss) attributable to Nabors	$	(430,467)	$	(223,862)	$	(513,427)	$	737,289	$	(430,467)

Condensed Consolidating Statements of Comprehensive Income (Loss)

Condensed Consolidating Statements of Comprehensive Income (Loss)

	Three Months Ended September 30, 2018
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(114,577)	$	30,508	$	(30,503)	$	(5)	$	(114,577)
Other comprehensive income (loss) before tax:
Translation adjustment attributable to Nabors		5,309		—		5,309		(5,309)		5,309
Pension liability amortization and adjustment		54		54		108		(162)		54
Unrealized gains (losses) and amortization on cash flow hedges		143		143		143		(286)		143
Other comprehensive income (loss) before tax		5,506		197		5,560		(5,757)		5,506
Income tax expense (benefit) related to items of other comprehensive income (loss)		48		48		96		(144)		48
Other comprehensive income (loss), net of tax		5,458		149		5,464		(5,613)		5,458
Comprehensive income (loss) attributable to Nabors		(109,119)		30,657		(25,039)		(5,618)		(109,119)
Net income (loss) attributable to noncontrolling interest		—		—		6,934		—		6,934
Translation adjustment attributable to noncontrolling interest		—		—		58		—		58
Comprehensive income (loss) attributable to noncontrolling interest		—		—		6,992		—		6,992
Comprehensive income (loss)	$	(109,119)	$	30,657	$	(18,047)	$	(5,618)	$	(102,127)

Condensed Consolidating Statements of Comprehensive Income (Loss)

	Three Months Ended September 30, 2017
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(148,532)	$	(66,846)	$	(172,942)	$	239,788	$	(148,532)
Other comprehensive income (loss) before tax:
Translation adjustment attributable to Nabors		16,444		—		16,444		(16,444)		16,444
Unrealized gains (losses) on marketable securities:
Unrealized gains (losses) on marketable securities		(5,706)		—		(5,706)		5,706		(5,706)
Less: reclassification adjustment for (gains) losses included in net income (loss)		—		—		—		—		—
Unrealized gains (losses) on marketable securities		(5,706)		—		(5,706)		5,706		(5,706)
Pension liability amortization and adjustment		50		50		100		(150)		50
Unrealized gains (losses) and amortization on cash flow hedges		153		153		153		(306)		153
Other comprehensive income (loss) before tax		10,941		203		10,991		(11,194)		10,941
Income tax expense (benefit) related to items of other comprehensive income (loss)		78		78		156		(234)		78
Other comprehensive income (loss), net of tax		10,863		125		10,835		(10,960)		10,863
Comprehensive income (loss) attributable to Nabors		(137,669)		(66,721)		(162,107)		228,828		(137,669)
Net income (loss) attributable to noncontrolling interest		—		—		2,113		—		2,113
Translation adjustment attributable to noncontrolling interest		—		—		160		—		160
Comprehensive income (loss) attributable to noncontrolling interest		—		—		2,273		—		2,273
Comprehensive income (loss)	$	(137,669)	$	(66,721)	$	(159,834)	$	228,828	$	(135,396)

Condensed Consolidating Statements of Comprehensive Income (Loss)

	Nine Months Ended September 30, 2018
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(457,530)	$	16,063	$	(277,748)	$	261,685	$	(457,530)
Other comprehensive income (loss) before tax
Translation adjustment attributable to Nabors		(9,604)		—		(9,604)		9,604		(9,604)
Pension liability amortization and adjustment		162		162		324		(486)		162
Unrealized gains (losses) and amortization on cash flow hedges		425		425		425		(850)		425
Adoption of ASU No. 2016-01		(9,144)		—		(9,144)		9,144		(9,144)
Other comprehensive income (loss) before tax		(18,161)		587		(17,999)		17,412		(18,161)
Income tax expense (benefit) related to items of other comprehensive income (loss)		139		139		278		(417)		139
Other comprehensive income (loss), net of tax		(18,300)		448		(18,277)		17,829		(18,300)
Comprehensive income (loss) attributable to Nabors		(475,830)		16,511		(296,025)		279,514		(475,830)
Net income (loss) attributable to noncontrolling interest		—		—		10,426		—		10,426
Translation adjustment attributable to noncontrolling interest		—		—		(101)		—		(101)
Comprehensive income (loss) attributable to noncontrolling interest		—		—		10,325		—		10,325
Comprehensive income (loss)	$	(475,830)	$	16,511	$	(285,700)	$	279,514	$	(465,505)

Condensed Consolidating Statements of Comprehensive Income (Loss)

	Nine Months Ended September 30, 2017
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(430,467)	$	(223,862)	$	(513,427)	$	737,289	$	(430,467)
Other comprehensive income (loss) before tax
Translation adjustment attributable to Nabors		31,183		—		31,183		(31,183)		31,183
Unrealized gains (losses) on marketable securities:
Unrealized gains (losses) on marketable securities		(5,122)		—		(5,122)		5,122		(5,122)
Less: reclassification adjustment for (gains) losses included in net income (loss)		1,341		—		1,341		(1,341)		1,341
Unrealized gains (losses) on marketable securities		(3,781)		—		(3,781)		3,781		(3,781)
Pension liability amortization and adjustment		150		150		300		(450)		150
Unrealized gains (losses) and amortization on cash flow hedges		459		459		459		(918)		459
Other comprehensive income (loss) before tax		28,011		609		28,161		(28,770)		28,011
Income tax expense (benefit) related to items of other comprehensive income (loss)		235		235		470		(705)		235
Other comprehensive income (loss), net of tax		27,776		374		27,691		(28,065)		27,776
Comprehensive income (loss) attributable to Nabors		(402,691)		(223,488)		(485,736)		709,224		(402,691)
Net income (loss) attributable to noncontrolling interest		—		—		5,001		—		5,001
Translation adjustment attributable to noncontrolling interest		—		—		317		—		317
Comprehensive income (loss) attributable to noncontrolling interest		—		—		5,318		—		5,318
Comprehensive income (loss)	$	(402,691)	$	(223,488)	$	(480,418)	$	709,224	$	(397,373)

Condensed Consolidating Statements of Cash Flows

	Nine Months Ended September 30, 2017
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(430,467)	$	(223,862)	$	(513,427)	$	737,289	$	(430,467)
Other comprehensive income (loss) before tax
Translation adjustment attributable to Nabors		31,183		—		31,183		(31,183)		31,183
Unrealized gains (losses) on marketable securities:
Unrealized gains (losses) on marketable securities		(5,122)		—		(5,122)		5,122		(5,122)
Less: reclassification adjustment for (gains) losses included in net income (loss)		1,341		—		1,341		(1,341)		1,341
Unrealized gains (losses) on marketable securities		(3,781)		—		(3,781)		3,781		(3,781)
Pension liability amortization and adjustment		150		150		300		(450)		150
Unrealized gains (losses) and amortization on cash flow hedges		459		459		459		(918)		459
Other comprehensive income (loss) before tax		28,011		609		28,161		(28,770)		28,011
Income tax expense (benefit) related to items of other comprehensive income (loss)		235		235		470		(705)		235
Other comprehensive income (loss), net of tax		27,776		374		27,691		(28,065)		27,776
Comprehensive income (loss) attributable to Nabors		(402,691)		(223,488)		(485,736)		709,224		(402,691)
Net income (loss) attributable to noncontrolling interest		—		—		5,001		—		5,001
Translation adjustment attributable to noncontrolling interest		—		—		317		—		317
Comprehensive income (loss) attributable to noncontrolling interest		—		—		5,318		—		5,318
Comprehensive income (loss)	$	(402,691)	$	(223,488)	$	(480,418)	$	709,224	$	(397,373)

Condensed Consolidating Statements Cash Flows

	Nine Months Ended September 30, 2018
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net cash provided by (used for) operating activities	$	82,365	$	(203,493)	$	238,064	$	(40,017)	$	76,919
Cash flows from investing activities:
Purchases of investments		—		—		(676)		—		(676)
Sales and maturities of investments		—		—		2,962		—		2,962
Cash paid for investments in consolidated affiliates		(587,500)		—		(199,000)		786,500		—
Capital expenditures		—		—		(338,968)		—		(338,968)
Proceeds from sales of assets and insurance claims		—		—		86,666		—		86,666
Change in intercompany balances		—		327,555		(327,555)		—		—
Net cash provided by (used for) investing activities		(587,500)		327,555		(776,571)		786,500		(250,016)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts		—		—		(261)		—		(261)
Proceeds from issuance of long-term debt		—		800,000		—		—		800,000
Debt issuance costs		—		(13,262)		—		—		(13,262)
Proceeds from revolving credit facilities		—		905,000		—		—		905,000
Proceeds from parent contributions		—		199,000		587,500		(786,500)		—
Proceeds from issuance of common shares, net of issuance costs		301,835		—		—		—		301,835
Reduction of long-term debt		—		(774,802)		—		—		(774,802)
Dividends to shareholders		(66,978)		—		—		9,317		(57,661)
Proceeds from (payment for) commercial paper, net		—		(40,000)		—		—		(40,000)
Reduction in revolving credit facilities		—		(1,200,000)		—		—		(1,200,000)
Dividends to preferred shareholders		(3,680)		—		—		—		(3,680)
Proceeds from (payments for) short-term borrowings		—		—		252		—		252
Proceeds from issuance of preferred stock, net of issuance costs		278,358		—		—		—		278,358
Proceeds from issuance of intercompany debt		20,000		—		(20,000)		—		—
Paydown of intercompany debt		(21,000)		—		21,000		—		—
Distributions to Non-controlling interest		—		—		(4,676)		—		(4,676)
Distribution from subsidiary to parent		—		—		(30,700)		30,700		—
Other changes		(3,722)		—		—		—		(3,722)
Net cash (used for) provided by financing activities		504,813		(124,064)		553,115		(746,483)		187,381
Effect of exchange rate changes on cash and cash equivalents		—		—		(5,320)		—		(5,320)
Net increase (decrease) in cash and cash equivalents		(322)		(2)		9,288		—		8,964
Cash, cash equivalents and restricted cash, beginning of period		1,091		44		340,894		—		342,029
Cash, cash equivalents and restricted cash, end of period	$	769	$	42	$	350,182	$	—	$	350,993

Condensed Consolidating Statements Cash Flows

	Nine Months Ended September 30, 2017
			Nabors		Other
	Nabors		Delaware		Subsidiaries
	(Parent/		(Issuer/		(Non-		Consolidating
	Guarantor)		Guarantor)		Guarantors)		Adjustments		Total
	(In thousands)
Net cash provided by (used for) operating activities	$	103,187	$	(199,071)	$	148,714	$	(88,939)	$	(36,109)
Cash flows from investing activities:
Purchases of investments		—		—		(6,722)		—		(6,722)
Sales and maturities of investments		—		—		12,533		—		12,533
Cash paid for acquisitions of businesses, net of cash acquired		—		—		(50,764)		—		(50,764)
Cash paid for investments in consolidated affiliates		(100)		—		(75,960)		76,060		—
Capital expenditures		—		—		(448,864)		—		(448,864)
Proceeds from sale of assets and insurance claims		—		—		32,805		—		32,805
Change in intercompany balances		—		(424,133)		424,133		—		—
Net cash provided by (used for) investing activities		(100)		(424,133)		(112,839)		76,060		(461,012)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts		—		—		(78)		—		(78)
Debt issuance costs		—		(11,039)		—		—		(11,039)
Proceeds from issuance of common shares		8,300		—		—		—		8,300
Reduction in long-term debt		—		(270,269)		(112,546)		—		(382,815)
Dividends to shareholders		(60,285)		—		—		8,939		(51,346)
Proceeds from (payments for) commercial paper, net		—		78,000		—		—		78,000
Proceeds from (payments for) issuance of intercompany debt		35,000		20,000		(55,000)		—		—
Purchase of capped call hedge transactions		—		(40,250)		—		—		(40,250)
Proceeds from revolving credit facilities		—		410,000		—		—		410,000
Proceeds from issuance of long-term debt		—		411,200		—		—		411,200
Payments on term loan		—		(162,500)		—		—		(162,500)
Paydown of intercompany debt		(79,000)		(20,000)		99,000		—		—
Cash proceeds from equity component of exchangeable debt		—		159,952		—		—		159,952
Noncontrolling interest contribution		—		—		20,000		—		20,000
Distributions to Non-controlling interest		—		—		(7,272)		—		(7,272)
Proceeds from (payments for) short-term borrowings		—		—		(528)		—		(528)
Proceeds from parent contributions		—		37,980		38,080		(76,060)		—
Distribution from subsidiary to parent		—		—		(80,000)		80,000		—
Other changes		(7,864)		—		—		—		(7,864)
Net cash (used for) provided by financing activities		(103,849)		613,074		(98,344)		12,879		423,760
Effect of exchange rate changes on cash and cash equivalents		—		—		251		—		251
Net increase (decrease) in cash and cash equivalents		(762)		(10,130)		(62,218)		—		(73,110)
Cash, cash equivalents and restricted cash, beginning of period		1,148		10,177		253,665		—		264,990
Cash, cash equivalents and restricted cash, end of period	$	386	$	47	$	191,447	$	—	$	191,880