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Unaudited Quarterly Financial Information (Details 2) (USD $)
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3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
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Dec. 31, 2013
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Sep. 30, 2013
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Jun. 30, 2013
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Mar. 31, 2013
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Dec. 31, 2012
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Sep. 30, 2012
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Jun. 30, 2012
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Mar. 31, 2012
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Jun. 30, 2012
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2010
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| Effect on consolidated balance sheet | |||||||||||||
| Inventory | $ 209,793,000 | $ 251,133,000 | $ 262,587,000 | $ 209,793,000 | $ 251,133,000 | ||||||||
| Total current assets | 2,753,830,000 | 3,132,857,000 | 3,126,024,000 | 2,753,830,000 | 3,132,857,000 | ||||||||
| Investment in unconsolidated affiliates | 64,260,000 | 61,690,000 | 324,849,000 | 64,260,000 | 61,690,000 | ||||||||
| Total assets | 12,159,811,000 | 12,656,022,000 | 13,166,740,000 | 12,159,811,000 | 12,656,022,000 | ||||||||
| Deferred income taxes | 516,161,000 | 599,335,000 | 852,650,000 | 516,161,000 | 599,335,000 | ||||||||
| Total liabilities | 6,109,446,000 | 6,629,717,000 | 7,253,419,000 | 6,109,446,000 | 6,629,717,000 | ||||||||
| Retained earnings | 4,213,212,000 | 4,120,398,000 | 4,111,407,000 | 4,213,212,000 | 4,120,398,000 | 3,955,571,000 | 3,702,243,000 | ||||||
| Total shareholders' equity | 5,969,086,000 | 5,944,929,000 | 5,831,876,000 | 5,969,086,000 | 5,944,929,000 | ||||||||
| Total equity | 5,981,177,000 | 5,957,117,000 | 5,844,133,000 | 5,981,177,000 | 5,957,117,000 | 5,600,424,000 | 5,337,225,000 | ||||||
| Total liabilities and equity | 12,159,811,000 | 12,656,022,000 | 13,169,147,000 | 12,159,811,000 | 12,656,022,000 | ||||||||
| Effect on consolidated statements of income (loss) | |||||||||||||
| Earnings (losses) from unconsolidated affiliates | (1,600,000) | (2,600,000) | 1,400,000 | 2,900,000 | 1,200,000 | (99,500,000) | (156,063,000) | (34,321,000) | (190,384,000) | 39,000 | (288,718,000) | 85,448,000 | |
| Total revenues and other income | 1,547,209,000 | 1,830,619,000 | 3,377,828,000 | 6,248,631,000 | 6,617,470,000 | 6,118,867,000 | |||||||
| Direct costs | 1,089,175,000 | 1,155,717,000 | 2,244,892,000 | 3,981,828,000 | 4,367,106,000 | 3,738,506,000 | |||||||
| Total costs and other deductions | 1,703,353,000 | 1,595,552,000 | 3,298,905,000 | 6,142,471,000 | 6,340,510,000 | 5,603,614,000 | |||||||
| Income (loss) from continuing operations before income taxes | (156,144,000) | 235,067,000 | 78,923,000 | 106,160,000 | 276,960,000 | 515,253,000 | |||||||
| Deferred income tax expense (benefit) | (69,966,000) | 49,765,000 | (20,201,000) | (95,046,000) | (102,008,000) | 55,381,000 | |||||||
| Total income tax expense (benefit) | (35,268,000) | 75,771,000 | 40,503,000 | (55,181,000) | 40,986,000 | 165,083,000 | |||||||
| Income (loss) from continuing operations, net of tax | 128,516,000 | (90,510,000) | 28,128,000 | 92,207,000 | 131,656,000 | 64,489,000 | (121,626,000) | 158,546,000 | 36,920,000 | 158,341,000 | 232,974,000 | 347,170,000 | |
| Net income (loss) | (94,916,000) | 155,569,000 | 60,653,000 | 147,162,000 | 165,448,000 | 249,569,000 | |||||||
| Net income (loss) attributable to Nabors | 150,603,000 | (105,381,000) | (4,361,000) | 99,121,000 | 27,077,000 | 75,656,000 | (93,742,000) | 155,836,000 | 62,094,000 | 139,982,000 | 164,827,000 | 248,524,000 | |
| Earnings (losses) per share: | |||||||||||||
| Basic from continuing operations (in dollars per share) | $ 0.43 | $ (0.30) | $ 0.08 | $ 0.31 | $ 0.45 | $ 0.22 | $ (0.41) | $ 0.55 | $ 0.13 | $ 0.51 | $ 0.80 | $ 1.21 | |
| Total Basic (in dollars per share) | $ 0.50 | $ (0.35) | $ (0.01) | $ 0.34 | $ 0.09 | $ 0.26 | $ (0.32) | $ 0.54 | $ 0.21 | $ 0.47 | $ 0.57 | $ 0.87 | |
| Diluted from continuing operations (in dollars per share) | $ 0.42 | $ (0.30) | $ 0.08 | $ 0.31 | $ 0.45 | $ 0.22 | $ (0.41) | $ 0.54 | $ 0.13 | $ 0.51 | $ 0.79 | $ 1.18 | |
| Total Diluted (in dollars per share) | $ 0.50 | $ (0.35) | $ (0.01) | $ 0.33 | $ 0.09 | $ 0.26 | $ (0.32) | $ 0.53 | $ 0.21 | $ 0.47 | $ 0.56 | $ 0.85 | |
| Effect on consolidated statements of other comprehensive income (loss) | |||||||||||||
| Net income (loss) attributable to Nabors | 150,603,000 | (105,381,000) | (4,361,000) | 99,121,000 | 27,077,000 | 75,656,000 | (93,742,000) | 155,836,000 | 62,094,000 | 139,982,000 | 164,827,000 | 248,524,000 | |
| Comprehensive income (loss) attributable to Nabors | (118,117,000) | 177,035,000 | 58,918,000 | 15,979,000 | 275,158,000 | 227,736,000 | |||||||
| Comprehensive income (loss) | (119,507,000) | 177,011,000 | 57,504,000 | 22,227,000 | 276,090,000 | 228,596,000 | |||||||
| Effect on consolidated statements of cash flow | |||||||||||||
| Net income (loss) attributable to Nabors | 150,603,000 | (105,381,000) | (4,361,000) | 99,121,000 | 27,077,000 | 75,656,000 | (93,742,000) | 155,836,000 | 62,094,000 | 139,982,000 | 164,827,000 | 248,524,000 | |
| Deferred income tax expense (benefit) | 49,800,000 | (1,999,000) | (103,277,000) | (131,742,000) | (12,379,000) | ||||||||
| Equity in (earnings) losses of unconsolidated affiliates, net of dividends | 34,320,000 | 190,383,000 | 800,000 | 299,717,000 | (161,189,000) | ||||||||
| Inventory | 11,083,000 | 39,412,000 | 14,447,000 | (114,896,000) | |||||||||
| Trade accounts payable and accrued liabilities | (120,791,000) | (96,019,000) | 113,550,000 | (224,795,000) | 519,211,000 | ||||||||
| Net cash provided by operating activities | 244,183,000 | 711,937,000 | 1,418,223,000 | 1,562,705,000 | 1,456,487,000 | ||||||||
| Effect on consolidated statements of changes in equity | |||||||||||||
| Retained earnings | 4,213,212,000 | 4,120,398,000 | 4,111,407,000 | 4,213,212,000 | 4,120,398,000 | 3,955,571,000 | 3,702,243,000 | ||||||
| Total equity | 5,981,177,000 | 5,957,117,000 | 5,844,133,000 | 5,981,177,000 | 5,957,117,000 | 5,600,424,000 | 5,337,225,000 | ||||||
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As Reported
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| Effect on consolidated balance sheet | |||||||||||||
| Inventory | 265,787,000 | ||||||||||||
| Total current assets | 3,129,224,000 | ||||||||||||
| Investment in unconsolidated affiliates | 303,103,000 | ||||||||||||
| Total assets | 13,148,194,000 | ||||||||||||
| Deferred income taxes | 855,057,000 | ||||||||||||
| Total liabilities | 7,255,826,000 | ||||||||||||
| Retained earnings | 4,090,454,000 | 3,956,364,000 | 3,707,881,000 | ||||||||||
| Total shareholders' equity | 5,810,923,000 | ||||||||||||
| Total equity | 5,823,180,000 | 5,601,217,000 | 5,342,863,000 | ||||||||||
| Total liabilities and equity | 13,148,194,000 | ||||||||||||
| Effect on consolidated statements of income (loss) | |||||||||||||
| Earnings (losses) from unconsolidated affiliates | (134,317,000) | (68,669,000) | (202,986,000) | (301,320,000) | 56,647,000 | ||||||||
| Total revenues and other income | 1,568,955,000 | 1,796,271,000 | 3,365,226,000 | 6,604,868,000 | 6,090,066,000 | ||||||||
| Direct costs | 1,092,375,000 | 1,154,113,000 | 2,246,488,000 | 4,368,702,000 | 3,736,910,000 | ||||||||
| Total costs and other deductions | 1,706,553,000 | 1,593,948,000 | 3,300,501,000 | 6,342,106,000 | 5,602,018,000 | ||||||||
| Income (loss) from continuing operations before income taxes | (137,598,000) | 202,323,000 | 64,725,000 | 262,762,000 | 488,048,000 | ||||||||
| Deferred income tax expense (benefit) | (72,373,000) | 38,767,000 | (33,606,000) | (115,413,000) | 33,021,000 | ||||||||
| Total income tax expense (benefit) | (37,675,000) | 64,773,000 | 27,098,000 | 27,581,000 | 142,723,000 | ||||||||
| Income (loss) from continuing operations, net of tax | (100,673,000) | 136,800,000 | 36,127,000 | 232,181,000 | 342,325,000 | ||||||||
| Net income (loss) | (73,963,000) | 133,823,000 | 59,860,000 | 164,655,000 | 244,724,000 | ||||||||
| Net income (loss) attributable to Nabors | (72,789,000) | 134,090,000 | 61,301,000 | 164,034,000 | 243,679,000 | ||||||||
| Earnings (losses) per share: | |||||||||||||
| Basic from continuing operations (in dollars per share) | $ (0.34) | $ 0.48 | $ 0.13 | $ 0.80 | $ 1.19 | ||||||||
| Total Basic (in dollars per share) | $ (0.25) | $ 0.46 | $ 0.21 | $ 0.57 | $ 0.85 | ||||||||
| Diluted from continuing operations (in dollars per share) | $ (0.34) | $ 0.47 | $ 0.13 | $ 0.79 | $ 1.17 | ||||||||
| Total Diluted (in dollars per share) | $ (0.25) | $ 0.46 | $ 0.21 | $ 0.56 | $ 0.83 | ||||||||
| Effect on consolidated statements of other comprehensive income (loss) | |||||||||||||
| Net income (loss) attributable to Nabors | (72,789,000) | 134,090,000 | 61,301,000 | 164,034,000 | 243,679,000 | ||||||||
| Comprehensive income (loss) attributable to Nabors | (97,164,000) | 155,289,000 | 58,125,000 | 274,365,000 | 222,891,000 | ||||||||
| Comprehensive income (loss) | (98,554,000) | 155,265,000 | 56,711,000 | 275,297,000 | 223,751,000 | ||||||||
| Effect on consolidated statements of cash flow | |||||||||||||
| Net income (loss) attributable to Nabors | (72,789,000) | 134,090,000 | 61,301,000 | 164,034,000 | 243,679,000 | ||||||||
| Deferred income tax expense (benefit) | 38,802,000 | (15,404,000) | (145,147,000) | (34,739,000) | |||||||||
| Equity in (earnings) losses of unconsolidated affiliates, net of dividends | 68,668,000 | 202,985,000 | 312,319,000 | (132,388,000) | |||||||||
| Inventory | 7,883,000 | ||||||||||||
| Trade accounts payable and accrued liabilities | (119,195,000) | (94,423,000) | (223,199,000) | 517,615,000 | |||||||||
| Net cash provided by operating activities | 244,183,000 | 711,937,000 | 1,562,705,000 | 1,456,487,000 | |||||||||
| Effect on consolidated statements of changes in equity | |||||||||||||
| Retained earnings | 4,090,454,000 | 3,956,364,000 | 3,707,881,000 | ||||||||||
| Total equity | 5,823,180,000 | 5,601,217,000 | 5,342,863,000 | ||||||||||
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Adjustment
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| Effect on consolidated balance sheet | |||||||||||||
| Inventory | (3,200,000) | ||||||||||||
| Total current assets | (3,200,000) | ||||||||||||
| Investment in unconsolidated affiliates | 21,746,000 | ||||||||||||
| Total assets | 18,546,000 | ||||||||||||
| Deferred income taxes | (2,407,000) | ||||||||||||
| Total liabilities | (2,407,000) | ||||||||||||
| Retained earnings | 20,953,000 | (793,000) | (5,638,000) | ||||||||||
| Total shareholders' equity | 20,953,000 | ||||||||||||
| Total equity | 20,953,000 | (793,000) | (5,638,000) | ||||||||||
| Total liabilities and equity | 20,953,000 | ||||||||||||
| Effect on consolidated statements of income (loss) | |||||||||||||
| Earnings (losses) from unconsolidated affiliates | (21,746,000) | 34,348,000 | 12,602,000 | 12,602,000 | 28,801,000 | ||||||||
| Total revenues and other income | (21,746,000) | 34,348,000 | 12,602,000 | 12,602,000 | 28,801,000 | ||||||||
| Direct costs | (3,200,000) | 1,604,000 | (1,596,000) | (1,596,000) | 1,596,000 | ||||||||
| Total costs and other deductions | (3,200,000) | 1,604,000 | (1,596,000) | (1,596,000) | 1,596,000 | ||||||||
| Income (loss) from continuing operations before income taxes | (18,546,000) | 32,744,000 | 14,198,000 | 14,198,000 | 27,205,000 | ||||||||
| Deferred income tax expense (benefit) | 2,407,000 | 10,998,000 | 13,405,000 | 13,405,000 | 22,360,000 | ||||||||
| Total income tax expense (benefit) | 2,407,000 | 10,998,000 | 13,405,000 | 13,405,000 | 22,360,000 | ||||||||
| Income (loss) from continuing operations, net of tax | (20,953,000) | 21,746,000 | 793,000 | 793,000 | 4,845,000 | ||||||||
| Net income (loss) | (20,953,000) | 21,746,000 | 793,000 | 793,000 | 4,845,000 | ||||||||
| Net income (loss) attributable to Nabors | (20,953,000) | 21,746,000 | 793,000 | 793,000 | 4,845,000 | ||||||||
| Earnings (losses) per share: | |||||||||||||
| Basic from continuing operations (in dollars per share) | $ (0.07) | $ 0.08 | $ 0.02 | ||||||||||
| Total Basic (in dollars per share) | $ (0.07) | $ 0.08 | $ 0.02 | ||||||||||
| Diluted from continuing operations (in dollars per share) | $ (0.07) | $ 0.07 | $ 0.02 | ||||||||||
| Total Diluted (in dollars per share) | $ (0.07) | $ 0.07 | $ 0.02 | ||||||||||
| Effect on consolidated statements of other comprehensive income (loss) | |||||||||||||
| Net income (loss) attributable to Nabors | (20,953,000) | 21,746,000 | 793,000 | 793,000 | 4,845,000 | ||||||||
| Comprehensive income (loss) attributable to Nabors | (20,953,000) | 21,746,000 | 793,000 | 793,000 | 4,845,000 | ||||||||
| Comprehensive income (loss) | (20,953,000) | 21,746,000 | 793,000 | 793,000 | 4,845,000 | ||||||||
| Effect on consolidated statements of cash flow | |||||||||||||
| Net income (loss) attributable to Nabors | (20,953,000) | 21,746,000 | 793,000 | 793,000 | 4,845,000 | ||||||||
| Deferred income tax expense (benefit) | 10,998,000 | 13,405,000 | 13,405,000 | 22,360,000 | |||||||||
| Equity in (earnings) losses of unconsolidated affiliates, net of dividends | (34,348,000) | (12,602,000) | (12,602,000) | (28,801,000) | |||||||||
| Inventory | 3,200,000 | ||||||||||||
| Trade accounts payable and accrued liabilities | (1,596,000) | (1,596,000) | (1,596,000) | 1,596,000 | |||||||||
| Effect on consolidated statements of changes in equity | |||||||||||||
| Retained earnings | 20,953,000 | (793,000) | (5,638,000) | ||||||||||
| Total equity | $ 20,953,000 | $ (793,000) | $ (5,638,000) | ||||||||||