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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues and other income:    
Operating revenues $ 460,511 $ 718,364
Investment income (loss) 1,263 (3,198)
Total revenues and other income 461,774 715,166
Costs and other deductions:    
Direct costs 290,654 461,840
General and administrative expenses 54,660 57,384
Research and engineering 7,467 11,409
Depreciation and amortization 177,276 227,063
Interest expense 42,975 54,722
Impairments and other charges 2,483 276,434
Other, net 4,863 (17,110)
Total costs and other deductions 580,378 1,071,742
Income (loss) from continuing operations before income taxes (118,604) (356,576)
Income tax expense (benefit):    
Current 10,903 (7,203)
Deferred (1,178) 24,896
Total income tax expense (benefit) 9,725 17,693
Income (loss) from continuing operations, net of tax (128,329) (374,269)
Income (loss) from discontinued operations, net of tax 19 (93)
Net income (loss) (128,310) (374,362)
Less: Net (income) loss attributable to noncontrolling interest (8,776) (17,465)
Net income (loss) attributable to Nabors (137,086) (391,827)
Less: Preferred stock dividend (3,653) (3,652)
Net income (loss) attributable to Nabors common shareholders (140,739) (395,479)
Amounts attributable to Nabors common shareholders:    
Net income (loss) from continuing operations (140,758) (395,386)
Net income (loss) from discontinued operations 19 (93)
Net income (loss) attributable to Nabors common shareholders $ (140,739) $ (395,479)
Earnings (losses) per share:    
Basic from continuing operations (in dollars per share) $ (20.16) $ (56.72)
Basic from discontinued operations (in dollars per share)   (0.01)
Total Basic (in dollars per share) (20.16) (56.73)
Diluted from continuing operations (in dollars per share) (20.16) (56.72)
Diluted from discontinued operations (in dollars per share)   (0.01)
Total Diluted (in dollars per share) $ (20.16) $ (56.73)
Weighted-average number of common shares outstanding:    
Basic (in shares) 7,102 7,051
Diluted (in shares) 7,102 7,051