Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Information

Financial information with respect to operating segments

	Year Ended December 31,
	2019		2018		2017
	(In thousands)
Operating revenues:
U.S. Drilling	$	1,240,936	$	1,083,227	$	805,223
Canada Drilling		68,274		105,000		82,929
International Drilling		1,324,142		1,469,038		1,474,060
Drilling Solutions		252,790		250,242		140,701
Rig Technologies		260,226		270,988		234,542
Other reconciling items (1)		(102,985)		(120,876)		(173,170)
Total	$	3,043,383	$	3,057,619	$	2,564,285

	Year Ended December 31,
	2019		2018		2017
	(In thousands)
Adjusted operating income (loss): (2)
U.S. Drilling	$	64,313	$	(21,298)	$	(213,877)
Canada Drilling		(14,483)		(6,166)		(22,262)
International Drilling		(8,903)		74,221		108,428
Drilling Solutions		59,465		37,626		16,738
Rig Technologies		(11,247)		(25,762)		(30,964)
Total segment adjusted operating income (loss)	$	89,145	$	58,621	$	(141,937)

	Year Ended December 31,
	2019		2018		2017
	(In thousands)
Reconciliation of segment adjusted operating income (loss) to net income (loss) from continuing operations before income taxes:
Total segment adjusted operating income (loss) (2)	$	89,145	$	58,621	$	(141,937)
Other reconciling items (3)		(160,274)		(166,815)		(157,043)
Earnings (losses) from unconsolidated affiliates		(5)		1		7
Investment income (loss)		10,218		(9,499)		1,194
Interest expense		(204,311)		(227,124)		(222,889)
Impairments and other charges		(290,471)		(144,446)		(44,536)
Other, net		(33,224)		(29,532)		(14,880)
Income (loss) from continuing operations before income taxes	$	(588,922)	$	(518,794)	$	(580,084)

	Year Ended December 31,
	2019		2018		2017
	(In thousands)
Depreciation and amortization
U.S. Drilling	$	419,680	$	394,586	$	375,171
Canada Drilling		29,766		37,172		39,597
International Drilling		372,883		383,227		400,753
Drilling Solutions		32,289		31,037		16,188
Rig Technologies		12,715		16,387		11,530
Other reconciling items (3)		8,758		4,461		(296)
Total	$	876,091	$	866,870	$	842,943

	Year Ended December 31,
	2019		2018		2017
	(In thousands)
Capital expenditures:
U.S. Drilling	$	184,705	$	222,338	$	330,875
Canada Drilling		5,020		12,981		17,197
International Drilling		209,728		172,565		159,817
Drilling Solutions		23,598		30,709		35,617
Rig Technologies		6,592		12,250		4,715
Other reconciling items (3)		(5,676)		2,592		(9,030)
Total	$	423,967	$	453,435	$	539,191

	December 31,
	2019		2018
	(In thousands)
Total assets:
U.S. Drilling	$	2,369,200	$	2,982,974
Canada Drilling		202,706		252,817
International Drilling		2,979,494		3,320,347
Drilling Solutions		218,004		281,078
Rig Technologies		324,523		401,044
Other reconciling items (3)		666,731		615,684
Total	$	6,760,658	$	7,853,944

(1) Represents the elimination of inter-segment transactions.

(2) Adjusted operating income (loss) represents income (loss) from continuing operations before income taxes, interest expense, earnings (losses) from unconsolidated affiliates, investment income (loss), impairments and other charges and other, net. Management evaluates the performance of our operating segments using adjusted operating income (loss), which is a segment performance measure, because it believes that this financial measure reflects our ongoing profitability and performance. In addition, securities analysts and investors use this measure as one of the metrics on which they analyze our performance. A reconciliation to income (loss) from continuing operations before income taxes is provided in the above table.

(3) Represents the elimination of inter-segment transactions and unallocated corporate expenses, assets and capital expenditures.

Schedule of financial information with respect to Nabors' operations by geographic area

	Year Ended December 31,
	2019		2018		2017
	(In thousands)
Operating revenues
U.S.	$	1,554,442	$	1,347,448	$	973,464
Outside the U.S.		1,488,941		1,710,171		1,590,821
	$	3,043,383	$	3,057,619	$	2,564,285
Property, plant and equipment, net:
U.S.	$	2,470,579	$	2,892,910	$	3,163,425
Outside the U.S.		2,459,970		2,574,960		2,946,140
	$	4,930,549	$	5,467,870	$	6,109,565
Goodwill:
U.S.	$	13,430	$	65,633	$	54,198
Outside the U.S.		14,950		118,281		119,028
	$	28,380	$	183,914	$	173,226