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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues and other income:      
Operating revenues $ 2,134,043 $ 3,043,383 $ 3,057,619
Earnings (losses) from unconsolidated affiliates   (5) 1
Investment income (loss) 1,438 10,218 (9,499)
Total revenues and other income 2,135,481 3,053,596 3,048,121
Costs and other deductions:      
Direct costs 1,333,072 1,929,331 1,976,974
General and administrative expenses 203,515 258,731 265,822
Research and engineering 33,564 50,359 56,147
Depreciation and amortization 853,699 876,091 866,870
Interest expense 206,274 204,311 227,124
(Gain)/loss on debt buybacks and exchanges (228,274) (11,468) 5,268
Impairments and other charges 410,631 301,939 139,178
Other, net 28,567 33,224 29,532
Total costs and other deductions 2,841,048 3,642,518 3,566,915
Income (loss) from continuing operations before income taxes (705,567) (588,922) (518,794)
Income tax expense (benefit):      
Current (7,430) 55,625 2,388
Deferred 64,716 35,951 76,881
Total income tax expense (benefit) 57,286 91,576 79,269
Income (loss) from continuing operations, net of tax (762,853) (680,498) (598,063)
Income (loss) from discontinued operations, net of tax 7 (12) (14,663)
Net income (loss) (762,846) (680,510) (612,726)
Less: Net (income) loss attributable to noncontrolling interest (42,795) (22,375) (28,222)
Net income (loss) attributable to Nabors (805,641) (702,885) (640,948)
Less: Preferred stock dividend (14,611) (17,244) (12,305)
Net income (loss) attributable to Nabors common shareholders (820,252) (720,129) (653,253)
Amounts attributable to Nabors common shareholders:      
Net income (loss) from continuing operations (820,259) (720,117) (638,590)
Net income (loss) from discontinued operations 7 (12) (14,663)
Net income (loss) attributable to Nabors common shareholders $ (820,252) $ (720,129) $ (653,253)
Earnings (losses) per share:      
Basic from continuing operations (in dollars per share) $ (118.69) $ (105.39) $ (97.42)
Basic from discontinued operations (in dollars per share)     (2.19)
Total Basic (in dollars per share) (118.69) (105.39) (99.61)
Diluted from continuing operations (in dollars per share) (118.69) (105.39) (97.42)
Diluted from discontinued operations (in dollars per share)     (2.19)
Total Diluted (in dollars per share) $ (118.69) $ (105.39) $ (99.61)
Weighted-average number of common shares outstanding:      
Basic (in shares) 7,059 7,032 6,688
Diluted (in shares) 7,059 7,032 6,688