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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues and other income:        
Operating revenues $ 533,931 $ 771,406 $ 1,252,295 $ 1,571,046
Earnings (losses) from unconsolidated affiliates       (5)
Investment income (loss) 2,036 469 (1,162) 10,146
Total revenues and other income 535,967 771,875 1,251,133 1,581,187
Costs and other deductions:        
Direct costs 326,557 496,664 788,397 1,017,621
General and administrative expenses 46,244 64,415 103,628 132,582
Research and engineering 7,305 11,920 18,714 25,440
Depreciation and amortization 211,120 218,319 438,183 428,710
Interest expense 51,206 51,491 105,928 103,843
Impairments and other charges 57,852 102,570 334,286 99,903
Other, net (30,795) 7,899 (47,905) 28,068
Total costs and other deductions 669,489 953,278 1,741,231 1,836,167
Income (loss) from continuing operations before income taxes (133,522) (181,403) (490,098) (254,980)
Income tax expense (benefit):        
Current (336) 16,504 (7,539) 32,366
Deferred 4,782 (5,106) 29,678 8,831
Total income tax expense (benefit) 4,446 11,398 22,139 41,197
Income (loss) from continuing operations, net of tax (137,968) (192,801) (512,237) (296,177)
Income (loss) from discontinued operations, net of tax 23 (34) (70) (191)
Net income (loss) (137,945) (192,835) (512,307) (296,368)
Less: Net (income) loss attributable to noncontrolling interest (10,167) (10,729) (27,632) (24,905)
Net income (loss) attributable to Nabors (148,112) (203,564) (539,939) (321,273)
Less: Preferred stock dividend (3,653) (4,312) (7,305) (8,625)
Net income (loss) attributable to Nabors common shareholders (151,765) (207,876) (547,244) (329,898)
Amounts attributable to Nabors common shareholders:        
Net income (loss) from continuing operations (151,788) (207,842) (547,174) (329,707)
Net income (loss) from discontinued operations 23 (34) (70) (191)
Net income (loss) attributable to Nabors common shareholders $ (151,765) $ (207,876) $ (547,244) $ (329,898)
Earnings (losses) per share:        
Basic from continuing operations (in dollars per share) $ (22.13) $ (30.31) $ (78.85) $ (48.43)
Basic from discontinued operations (in dollars per share)     (0.01) (0.03)
Total Basic (in dollars per share) (22.13) (30.31) (78.86) (48.46)
Diluted from continuing operations (in dollars per share) (22.13) (30.31) (78.85) (48.43)
Diluted from discontinued operations (in dollars per share)     (0.01) (0.03)
Total Diluted (in dollars per share) $ (22.13) $ (30.31) $ (78.86) $ (48.46)
Weighted-average number of common shares outstanding:        
Basic (in shares) 7,052 7,031 7,052 7,023
Diluted (in shares) 7,052 7,031 7,052 7,023