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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues and other income:        
Operating revenues $ 733,974 $ 694,136 $ 2,280,180 $ 1,893,618
Investment income (loss) 10,169 4,813 31,778 5,798
Total revenues and other income 744,143 698,949 2,311,958 1,899,416
Costs and other deductions:        
Direct costs 447,751 432,311 1,365,611 1,208,820
General and administrative expenses 62,182 57,594 187,144 169,400
Research and engineering 14,016 13,409 42,371 36,028
Depreciation and amortization 161,337 169,857 484,066 496,231
Interest expense 44,042 43,841 135,347 133,650
Other, net 35,546 (25,954) (8,604) 68,975
Total costs and other deductions 764,874 691,058 2,205,935 2,113,104
Income (loss) before income taxes (20,731) 7,891 106,023 (213,688)
Income tax expense (benefit):        
Current 6,241 11,414 43,569 30,662
Deferred 4,272 938 16,407 4,714
Total income tax expense (benefit) 10,513 12,352 59,976 35,376
Net income (loss) (31,244) (4,461) 46,047 (249,064)
Less: net (income) loss attributable to noncontrolling interest (17,672) (9,322) (41,128) (32,132)
Net income (loss) attributable to Nabors $ (48,916) $ (13,783) $ 4,919 $ (281,196)
Earnings (losses) per share:        
Basic (in dollars per share) $ (6.26) $ (1.80) $ (2.79) $ (32.72)
Diluted (in dollars per share) $ (6.26) $ (1.80) $ (2.79) $ (32.72)
Weighted-average number of common shares outstanding:        
Basic (in shares) 9,148 9,099 9,168 8,830
Diluted (in shares) 9,148 9,099 9,168 8,830