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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues and other income:        
Operating revenues $ 767,067 $ 630,943 $ 1,546,206 $ 1,199,482
Investment income (loss) 11,743 822 21,609 985
Total revenues and other income 778,810 631,765 1,567,815 1,200,467
Costs and other deductions:        
Direct costs 455,531 403,797 917,860 776,509
General and administrative expenses 63,232 58,167 124,962 111,806
Research and engineering 13,281 10,941 28,355 22,619
Depreciation and amortization 159,698 162,015 322,729 326,374
Interest expense 46,164 42,899 91,305 89,809
Other, net (1,775) 14,528 (44,150) 94,929
Total costs and other deductions 736,131 692,347 1,441,061 1,422,046
Income (loss) before income taxes 42,679 (60,582) 126,754 (221,579)
Income tax expense (benefit):        
Current 19,026 9,298 37,328 19,248
Deferred 7,422 55 12,135 3,776
Total income tax expense (benefit) 26,448 9,353 49,463 23,024
Net income (loss) 16,231 (69,935) 77,291 (244,603)
Less: Net (income) loss attributable to noncontrolling interest (11,620) (12,982) (23,456) (22,810)
Net income (loss) attributable to Nabors $ 4,611 $ (82,917) $ 53,835 $ (267,413)
Earnings (losses) per share:        
Basic (in dollars per share) $ (0.31) $ (9.41) $ 4.05 $ (31.34)
Diluted (in dollars per share) $ (0.31) $ (9.41) $ 3.79 $ (31.34)
Weighted-average number of common shares outstanding:        
Basic (in shares) 9,195 9,081 9,178 8,696
Diluted (in shares) 9,195 9,081 10,141 8,696