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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues and other income:        
Operating revenues $ 524,165 $ 438,352 $ 1,474,009 $ 1,690,647
Investment income (loss) 200 (742) 1,401 (1,904)
Total revenues and other income 524,365 437,610 1,475,410 1,688,743
Costs and other deductions:        
Direct costs 336,538 270,397 939,658 1,058,794
General and administrative expenses 52,897 46,168 159,137 149,796
Research and engineering 9,498 7,565 24,930 26,279
Depreciation and amortization 173,375 206,862 525,426 645,045
Interest expense 42,217 52,403 126,906 158,331
Impairments and other charges 3,068 5,017 65,419 339,303
Other, net 19,690 (425) 31,140 (48,330)
Total costs and other deductions 637,283 587,987 1,872,616 2,329,218
Income (loss) from continuing operations before income taxes (112,918) (150,377) (397,206) (640,475)
Income tax expense (benefit):        
Current 8,440 1,450 46,538 (6,089)
Deferred (5,656) (5,145) (9,310) 24,533
Total income tax expense (benefit) 2,784 (3,695) 37,228 18,444
Income (loss) from continuing operations, net of tax (115,702) (146,682) (434,434) (658,919)
Income (loss) from discontinued operations, net of tax (20) 22 7 (48)
Net income (loss) (115,722) (146,660) (434,427) (658,967)
Less: Net (income) loss attributable to noncontrolling interest (6,778) (10,805) (21,168) (38,437)
Net income (loss) attributable to Nabors (122,500) (157,465) (455,595) (697,404)
Less: Preferred stock dividend   (3,653) (3,653) (10,958)
Net income (loss) attributable to Nabors common shareholders (122,500) (161,118) (459,248) (708,362)
Amounts attributable to Nabors common shareholders:        
Net income (loss) from continuing operations (122,480) (161,140) (459,255) (708,314)
Net income (loss) from discontinued operations (20) 22 7 (48)
Net income (loss) attributable to Nabors common shareholders $ (122,500) $ (161,118) $ (459,248) $ (708,362)
Earnings (losses) per share:        
Basic from continuing operations (in dollars per share) $ (15.79) $ (23.42) $ (62.26) $ (102.25)
Basic from discontinued operations (in dollars per share)       (0.01)
Total Basic (in dollars per share) (15.79) (23.42) (62.26) (102.26)
Diluted from continuing operations (in dollars per share) (15.79) (23.42) (62.26) (102.25)
Diluted from discontinued operations (in dollars per share)       (0.01)
Total Diluted (in dollars per share) $ (15.79) $ (23.42) $ (62.26) $ (102.26)
Weighted-average number of common shares outstanding:        
Basic (in shares) 7,907 7,064 7,490 7,056
Diluted (in shares) 7,907 7,064 7,490 7,056