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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues and other income:      
Operating revenues $ 2,653,766 $ 2,017,548 $ 2,134,043
Investment income (loss) 14,992 1,557 1,438
Total revenues and other income 2,668,758 2,019,105 2,135,481
Costs and other deductions:      
Direct costs 1,666,004 1,286,896 1,333,072
General and administrative expenses 228,431 213,559 203,515
Research and engineering 49,939 35,153 33,564
Depreciation and amortization 665,072 693,381 853,699
Interest expense 177,895 171,476 206,274
(Gain)/loss on debt buybacks and exchanges (4,597) (13,423) (228,274)
Impairments and other charges   66,731 410,631
Other, net 131,696 53,421 28,567
Total costs and other deductions 2,914,440 2,507,194 2,841,048
Income (loss) from continuing operations before income taxes (245,682) (488,089) (705,567)
Income tax expense (benefit):      
Current 54,199 66,327 (7,430)
Deferred 7,337 (10,706) 64,716
Total income tax expense (benefit) 61,536 55,621 57,286
Income (loss) from continuing operations, net of tax (307,218) (543,710) (762,853)
Income (loss) from discontinued operations, net of tax   20 7
Net income (loss) (307,218) (543,690) (762,846)
Less: Net (income) loss attributable to noncontrolling interest (43,043) (25,582) (42,795)
Net income (loss) attributable to Nabors (350,261) (569,272) (805,641)
Less: Preferred stock dividend   (3,653) (14,611)
Net income (loss) attributable to Nabors common shareholders (350,261) (572,925) (820,252)
Amounts attributable to Nabors common shareholders:      
Net income (loss) from continuing operations (350,261) (572,945) (820,259)
Net income (loss) from discontinued operations   20 7
Net income (loss) attributable to Nabors common shareholders $ (350,261) $ (572,925) $ (820,252)
Earnings (losses) per share:      
Basic from continuing operations (in dollars per share) $ (40.52) $ (76.58) $ (118.69)
Basic from discontinued operations (in dollars per share)
Total Basic (in dollars per share) (40.52) (76.58) (118.69)
Diluted from continuing operations (in dollars per share) (40.52) (76.58) (118.69)
Diluted from discontinued operations (in dollars per share)
Total Diluted (in dollars per share) $ (40.52) $ (76.58) $ (118.69)
Weighted-average number of common shares outstanding:      
Basic (in shares) 8,898 7,605 7,059
Diluted (in shares) 8,898 7,605 7,059