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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues and other income:      
Operating revenues $ 2,017,548 $ 2,134,043 $ 3,043,383
Earnings (losses) from unconsolidated affiliates     (5)
Investment income (loss) 1,557 1,438 10,218
Total revenues and other income 2,019,105 2,135,481 3,053,596
Costs and other deductions:      
Direct costs 1,286,896 1,333,072 1,929,331
General and administrative expenses 213,559 203,515 258,731
Research and engineering 35,153 33,564 50,359
Depreciation and amortization 693,381 853,699 876,091
Interest expense 171,476 206,274 204,311
(Gain)/loss on debt buybacks and exchanges (13,423) (228,274) (11,468)
Impairments and other charges 66,731 410,631 301,939
Other, net 53,421 28,567 33,224
Total costs and other deductions 2,507,194 2,841,048 3,642,518
Income (loss) from continuing operations before income taxes (488,089) (705,567) (588,922)
Income tax expense (benefit):      
Current 66,327 (7,430) 55,625
Deferred (10,706) 64,716 35,951
Total income tax expense (benefit) 55,621 57,286 91,576
Income (loss) from continuing operations, net of tax (543,710) (762,853) (680,498)
Income (loss) from discontinued operations, net of tax 20 7 (12)
Net income (loss) (543,690) (762,846) (680,510)
Less: Net (income) loss attributable to noncontrolling interest (25,582) (42,795) (22,375)
Net income (loss) attributable to Nabors (569,272) (805,641) (702,885)
Less: Preferred stock dividend (3,653) (14,611) (17,244)
Net income (loss) attributable to Nabors common shareholders (572,925) (820,252) (720,129)
Amounts attributable to Nabors common shareholders:      
Net income (loss) from continuing operations (572,945) (820,259) (720,117)
Net income (loss) from discontinued operations 20 7 (12)
Net income (loss) attributable to Nabors common shareholders $ (572,925) $ (820,252) $ (720,129)
Earnings (losses) per share:      
Basic from continuing operations (in dollars per share) $ (76.58) $ (118.69) $ (105.39)
Total Basic (in dollars per share) (76.58) (118.69) (105.39)
Diluted from continuing operations (in dollars per share) (76.58) (118.69) (105.39)
Total Diluted (in dollars per share) $ (76.58) $ (118.69) $ (105.39)
Weighted-average number of common shares outstanding:      
Basic (in shares) 7,605 7,059 7,032
Diluted (in shares) 7,605 7,059 7,032