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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues and other income:        
Operating revenues $ 489,333 $ 533,931 $ 949,844 $ 1,252,295
Investment income (loss) (62) 2,036 1,201 (1,162)
Total revenues and other income 489,271 535,967 951,045 1,251,133
Costs and other deductions:        
Direct costs 312,466 326,557 603,120 788,397
General and administrative expenses 51,580 46,244 106,240 103,628
Research and engineering 7,965 7,305 15,432 18,714
Depreciation and amortization 174,775 211,120 352,051 438,183
Interest expense 41,714 51,206 84,689 105,928
Impairments and other charges 59,868 57,852 62,351 334,286
Other, net 6,587 (30,795) 11,450 (47,905)
Total costs and other deductions 654,955 669,489 1,235,333 1,741,231
Income (loss) from continuing operations before income taxes (165,684) (133,522) (284,288) (490,098)
Income tax expense (benefit):        
Current 27,195 (336) 38,098 (7,539)
Deferred (2,476) 4,782 (3,654) 29,678
Total income tax expense (benefit) 24,719 4,446 34,444 22,139
Income (loss) from continuing operations, net of tax (190,403) (137,968) (318,732) (512,237)
Income (loss) from discontinued operations, net of tax 8 23 27 (70)
Net income (loss) (190,395) (137,945) (318,705) (512,307)
Less: Net (income) loss attributable to noncontrolling interest (5,614) (10,167) (14,390) (27,632)
Net income (loss) attributable to Nabors (196,009) (148,112) (333,095) (539,939)
Less: Preferred stock dividend   (3,653) (3,653) (7,305)
Net income (loss) attributable to Nabors common shareholders (196,009) (151,765) (336,748) (547,244)
Amounts attributable to Nabors common shareholders:        
Net income (loss) from continuing operations (196,017) (151,788) (336,775) (547,174)
Net income (loss) from discontinued operations 8 23 27 (70)
Net income (loss) attributable to Nabors common shareholders $ (196,009) $ (151,765) $ (336,748) $ (547,244)
Earnings (losses) per share:        
Basic from continuing operations (in dollars per share) $ (26.59) $ (22.13) $ (46.90) $ (78.85)
Basic from discontinued operations (in dollars per share)       (0.01)
Total Basic (in dollars per share) (26.59) (22.13) (46.90) (78.86)
Diluted from continuing operations (in dollars per share) (26.59) (22.13) (46.90) (78.85)
Diluted from discontinued operations (in dollars per share)       (0.01)
Total Diluted (in dollars per share) $ (26.59) $ (22.13) $ (46.90) $ (78.86)
Weighted-average number of common shares outstanding:        
Basic (in shares) 7,460 7,052 7,281 7,052
Diluted (in shares) 7,460 7,052 7,281 7,052