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Segment Information (Tables)
12 Months Ended
Dec. 31, 2019
Segment Information  
Financial information with respect to operating segments

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Year Ended December 31,

 

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2019

    

2018

    

2017

 

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​

    

 

(In thousands)

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Operating revenues:

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Drilling

​

​

​

$

1,240,936

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$

1,083,227

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$

805,223

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Canada Drilling

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​

​

 

68,274

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105,000

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82,929

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International Drilling

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​

​

 

1,324,142

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1,469,038

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1,474,060

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Drilling Solutions

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​

​

 

252,790

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250,242

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140,701

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Rig Technologies

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​

​

 

260,226

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270,988

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234,542

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Other reconciling items (1)

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​

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(102,985)

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(120,876)

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(173,170)

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Total

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​

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$

3,043,383

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$

3,057,619

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$

2,564,285

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Year Ended December 31,

 

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2019

    

2018

    

2017

 

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(In thousands)

 

Adjusted operating income (loss): (2)

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U.S. Drilling

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​

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$

64,313

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$

(21,298)

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$

(213,877)

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Canada Drilling

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​

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(14,483)

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(6,166)

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(22,262)

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International Drilling

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(8,903)

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74,221

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108,428

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Drilling Solutions

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​

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59,465

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37,626

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16,738

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Rig Technologies

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(11,247)

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(25,762)

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(30,964)

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Total segment adjusted operating income (loss)

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$

89,145

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$

58,621

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$

(141,937)

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Year Ended December 31,

 

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​

2019

    

2018

    

2017

 

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(In thousands)

 

Reconciliation of segment adjusted operating income (loss) to net income (loss) from continuing operations before income taxes:

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Total segment adjusted operating income (loss) (2)

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$

89,145

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$

58,621

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$

(141,937)

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Other reconciling items (3)

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​

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(160,274)

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(166,815)

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(157,043)

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Earnings (losses) from unconsolidated affiliates

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(5)

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1

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7

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Investment income (loss)

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10,218

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(9,499)

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1,194

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Interest expense

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(204,311)

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(227,124)

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(222,889)

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Impairments and other charges

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(290,471)

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(144,446)

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(44,536)

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Other, net

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(33,224)

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(29,532)

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(14,880)

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Income (loss) from continuing operations before income taxes

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​

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$

(588,922)

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$

(518,794)

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$

(580,084)

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Year Ended December 31,

 

​

    

2019

    

2018

    

2017

 

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(In thousands)

 

Depreciation and amortization

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U.S. Drilling

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$

419,680

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$

394,586

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$

375,171

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Canada Drilling

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29,766

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37,172

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39,597

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International Drilling

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372,883

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383,227

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400,753

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Drilling Solutions

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32,289

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31,037

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16,188

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Rig Technologies

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12,715

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16,387

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11,530

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Other reconciling items (3)

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8,758

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4,461

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(296)

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Total

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$

876,091

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$

866,870

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$

842,943

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Year Ended December 31,

 

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2019

    

2018

    

2017

 

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(In thousands)

 

Capital expenditures:

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U.S. Drilling

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$

184,705

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$

222,338

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$

330,875

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Canada Drilling

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5,020

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12,981

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17,197

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International Drilling

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209,728

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172,565

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159,817

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Drilling Solutions

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23,598

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30,709

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35,617

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Rig Technologies

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6,592

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12,250

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4,715

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Other reconciling items (3)

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(5,676)

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2,592

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(9,030)

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Total

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$

423,967

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$

453,435

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$

539,191

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December 31,

 

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2019

    

2018

 

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​

(In thousands)

 

Total assets:

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U.S. Drilling

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$

2,369,200

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$

2,982,974

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Canada Drilling

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202,706

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252,817

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International Drilling

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2,979,494

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3,320,347

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Drilling Solutions

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218,004

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281,078

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Rig Technologies

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324,523

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401,044

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Other reconciling items (3)

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666,731

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615,684

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Total

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$

6,760,658

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$

7,853,944

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

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(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.

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(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

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Year Ended December 31,

 

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2019

    

2018

    

2017

 

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(In thousands)

 

Operating revenues

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U.S.

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$

1,554,442

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$

1,347,448

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$

973,464

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Outside the U.S.

​

 

1,488,941

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1,710,171

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1,590,821

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$

3,043,383

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$

3,057,619

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$

2,564,285

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Property, plant and equipment, net:

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U.S.

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$

2,470,579

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$

2,892,910

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$

3,163,425

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Outside the U.S.

​

 

2,459,970

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2,574,960

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2,946,140

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$

4,930,549

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$

5,467,870

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$

6,109,565

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Goodwill:

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U.S.

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$

13,430

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$

65,633

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$

54,198

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Outside the U.S.

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14,950

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118,281

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119,028

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$

28,380

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$

183,914

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$

173,226

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