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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues and other income:        
Operating revenues $ 438,352 $ 758,076 $ 1,690,647 $ 2,329,122
Earnings (losses) from unconsolidated affiliates       (5)
Investment income (loss) (742) (1,437) (1,904) 8,709
Total revenues and other income 437,610 756,639 1,688,743 2,337,826
Costs and other deductions:        
Direct costs 270,397 475,461 1,058,794 1,493,082
General and administrative expenses 46,168 63,577 149,796 196,159
Research and engineering 7,565 12,004 26,279 37,444
Depreciation and amortization 206,862 221,557 645,045 650,267
Interest expense 52,403 51,291 158,331 155,134
Impairments and other charges 5,017 3,629 339,303 106,007
Other, net (425) 5,005 (48,330) 30,598
Total costs and other deductions 587,987 832,524 2,329,218 2,668,691
Income (loss) from continuing operations before income taxes (150,377) (75,885) (640,475) (330,865)
Income tax expense (benefit):        
Current 1,450 18,117 (6,089) 50,483
Deferred (5,145) 5,786 24,533 14,617
Total income tax expense (benefit) (3,695) 23,903 18,444 65,100
Income (loss) from continuing operations, net of tax (146,682) (99,788) (658,919) (395,965)
Income (loss) from discontinued operations, net of tax 22 157 (48) (34)
Net income (loss) (146,660) (99,631) (658,967) (395,999)
Less: Net (income) loss attributable to noncontrolling interest (10,805) (19,297) (38,437) (44,202)
Net income (loss) attributable to Nabors (157,465) (118,928) (697,404) (440,201)
Less: Preferred stock dividend (3,653) (4,310) (10,958) (12,935)
Net income (loss) attributable to Nabors common shareholders (161,118) (123,238) (708,362) (453,136)
Amounts attributable to Nabors common shareholders:        
Net income (loss) from continuing operations (161,140) (123,395) (708,314) (453,102)
Net income (loss) from discontinued operations 22 157 (48) (34)
Net income (loss) attributable to Nabors common shareholders $ (161,118) $ (123,238) $ (708,362) $ (453,136)
Earnings (losses) per share:        
Basic from continuing operations (in dollars per share) $ (23.42) $ (18.27) $ (102.25) $ (66.70)
Basic from discontinued operations (in dollars per share)   0.02 (0.01)  
Total Basic (in dollars per share) (23.42) (18.25) (102.26) (66.70)
Diluted from continuing operations (in dollars per share) (23.42) (18.27) (102.25) (66.70)
Diluted from discontinued operations (in dollars per share)   0.02 (0.01)  
Total Diluted (in dollars per share) $ (23.42) $ (18.25) $ (102.26) $ (66.70)
Weighted-average number of common shares outstanding:        
Basic (in shares) 7,064 7,041 7,056 7,029
Diluted (in shares) 7,064 7,041 7,056 7,029