XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues and other income:        
Operating revenues $ 731,805 $ 733,974 $ 2,200,307 $ 2,280,180
Investment income (loss) 11,503 10,169 29,885 31,778
Total revenues and other income 743,308 744,143 2,230,192 2,311,958
Costs and other deductions:        
Direct costs 431,705 447,751 1,309,007 1,365,611
General and administrative expenses 63,976 62,182 187,881 187,144
Research and engineering 14,404 14,016 42,629 42,371
Depreciation and amortization 159,234 161,337 477,060 484,066
Interest expense 55,350 44,042 157,222 135,347
Other, net 41,608 35,546 69,795 (8,604)
Total costs and other deductions 766,277 764,874 2,243,594 2,205,935
Income (loss) before income taxes (22,969) (20,731) (13,402) 106,023
Income tax expense (benefit):        
Current 10,581 6,241 30,940 43,569
Deferred (463) 4,272 10,776 16,407
Total income tax expense (benefit) 10,118 10,513 41,716 59,976
Net income (loss) (33,087) (31,244) (55,118) 46,047
Less: net (income) loss attributable to noncontrolling interest (22,738) (17,672) (67,295) (41,128)
Net income (loss) attributable to Nabors $ (55,825) $ (48,916) $ (122,413) $ 4,919
Earnings (losses) per share:        
Basic (in dollars per share) $ (6.86) $ (6.26) $ (15.69) $ (2.79)
Diluted (in dollars per share) $ (6.86) $ (6.26) $ (15.69) $ (2.79)
Weighted-average number of common shares outstanding:        
Basic (in shares) 9,213 9,148 9,199 9,168
Diluted (in shares) 9,213 9,148 9,199 9,168