XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues and other income:    
Operating revenues $ 799,640 $ 734,194
Earnings (losses) from unconsolidated affiliates (5) 2
Investment income (loss) 9,677 465
Total revenues and other income 809,312 734,661
Costs and other deductions:    
Direct costs 520,957 475,403
General and administrative expenses 68,167 74,571
Research and engineering 13,520 15,806
Depreciation and amortization 210,391 213,448
Interest expense 52,352 61,386
Other, net 17,502 14,089
Total costs and other deductions 882,889 854,703
Income (loss) from continuing operations before income taxes (73,577) (120,042)
Income tax expense (benefit):    
Current 15,862 8,771
Deferred 13,937 14,774
Total income tax expense (benefit) 29,799 23,545
Income (loss) from continuing operations, net of tax (103,376) (143,587)
Income (loss) from discontinued operations, net of tax (157) (75)
Net income (loss) (103,533) (143,662)
Less: Net (income) loss attributable to noncontrolling interest (14,176) (539)
Net income (loss) attributable to Nabors (117,709) (144,201)
Less: Preferred stock dividend (4,313)  
Net income (loss) attributable to Nabors common shareholders (122,022) (144,201)
Amounts attributable to Nabors common shareholders:    
Net income (loss) from continuing operations (121,865) (144,126)
Net income (loss) from discontinued operations (157) (75)
Net income (loss) attributable to Nabors common shareholders $ (122,022) $ (144,201)
Earnings (losses) per share:    
Basic from continuing operations (in dollars per share) $ (0.36) $ (0.46)
Total Basic (in dollars per share) (0.36) (0.46)
Diluted from continuing operations (in dollars per share) (0.36) (0.46)
Total Diluted (in dollars per share) $ (0.36) $ (0.46)
Weighted-average number of common shares outstanding:    
Basic (in shares) 350,764 308,788
Diluted (in shares) 350,764 308,788