|
Condensed Consolidating Financial Information (Details 3) (USD $) In Thousands, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
12 Months Ended |
|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Jun. 30, 2012
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Revenues and other income: |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating revenues |
|
|
|
|
|
|
|
|
|
$ 6,152,015 |
$ 6,843,051 |
$ 6,013,480 |
| Earnings from unconsolidated affiliates |
(1,600) |
(2,600) |
1,400 |
2,900 |
1,200 |
(99,500) |
(156,063) |
(34,321) |
(190,384) |
39 |
(288,718) |
85,448 |
| Investment income (loss) |
|
|
|
|
|
|
|
|
|
96,577 |
63,137 |
19,939 |
| Total revenues and other income |
|
|
|
|
|
|
1,547,209 |
1,830,619 |
3,377,828 |
6,248,631 |
6,617,470 |
6,118,867 |
| Costs and other deductions: |
|
|
|
|
|
|
|
|
|
|
|
|
| Direct costs |
|
|
|
|
|
|
1,089,175 |
1,155,717 |
2,244,892 |
3,981,828 |
4,367,106 |
3,738,506 |
| General and administrative expenses |
|
|
|
|
|
|
|
|
|
525,330 |
527,953 |
487,808 |
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
1,086,677 |
1,039,923 |
918,122 |
| Interest expense |
|
|
|
|
|
|
|
|
|
223,418 |
251,904 |
256,632 |
| Losses (gains) on sales and disposals of long-lived assets and other expense (income), net |
|
|
|
|
|
|
|
|
|
37,977 |
(136,636) |
4,474 |
| Impairments and other charges |
|
|
|
|
|
|
|
|
|
287,241 |
290,260 |
198,072 |
| Total costs and other deductions |
|
|
|
|
|
|
1,703,353 |
1,595,552 |
3,298,905 |
6,142,471 |
6,340,510 |
5,603,614 |
| Income (loss) from continuing operations before income taxes |
|
|
|
|
|
|
(156,144) |
235,067 |
78,923 |
106,160 |
276,960 |
515,253 |
| Income tax expense (benefit) |
|
|
|
|
|
|
(35,268) |
75,771 |
40,503 |
(55,181) |
40,986 |
165,083 |
| Subsidiary preferred stock dividend |
|
|
|
|
|
|
|
|
|
3,000 |
3,000 |
3,000 |
| Income (loss) from continuing operations, net of tax |
128,516 |
(90,510) |
28,128 |
92,207 |
131,656 |
64,489 |
(121,626) |
158,546 |
36,920 |
158,341 |
232,974 |
347,170 |
| Income (loss) from discontinued operations, net of tax |
23,113 |
(14,430) |
(26,873) |
7,011 |
(103,414) |
12,155 |
26,710 |
(2,977) |
|
(11,179) |
(67,526) |
(97,601) |
| Net income (loss) |
|
|
|
|
|
|
(94,916) |
155,569 |
60,653 |
147,162 |
165,448 |
249,569 |
| Less: Net (income) loss attributable to noncontrolling interest |
(1,026) |
(441) |
(5,616) |
(97) |
(1,074) |
(988) |
1,174 |
267 |
|
(7,180) |
(621) |
(1,045) |
| Net income (loss) attributable to Nabors |
150,603 |
(105,381) |
(4,361) |
99,121 |
27,077 |
75,656 |
(93,742) |
155,836 |
62,094 |
139,982 |
164,827 |
248,524 |
|
Nabors (Parent/Guarantor)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues and other income: |
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings (losses) from consolidated affiliates |
|
|
|
|
|
|
|
|
|
158,445 |
173,199 |
261,090 |
| Investment income (loss) |
|
|
|
|
|
|
|
|
|
1 |
|
4 |
| Total revenues and other income |
|
|
|
|
|
|
|
|
|
158,446 |
173,199 |
261,094 |
| Costs and other deductions: |
|
|
|
|
|
|
|
|
|
|
|
|
| General and administrative expenses |
|
|
|
|
|
|
|
|
|
11,111 |
7,141 |
11,970 |
| Losses (gains) on sales and disposals of long-lived assets and other expense (income), net |
|
|
|
|
|
|
|
|
|
7,353 |
1,231 |
600 |
| Total costs and other deductions |
|
|
|
|
|
|
|
|
|
18,464 |
8,372 |
12,570 |
| Income (loss) from continuing operations before income taxes |
|
|
|
|
|
|
|
|
|
139,982 |
164,827 |
248,524 |
| Income (loss) from continuing operations, net of tax |
|
|
|
|
|
|
|
|
|
139,982 |
164,827 |
248,524 |
| Net income (loss) |
|
|
|
|
|
|
|
|
|
139,982 |
164,827 |
248,524 |
| Less: Net (income) loss attributable to noncontrolling interest |
|
|
|
|
|
|
|
|
|
(7,180) |
(621) |
(1,045) |
| Net income (loss) attributable to Nabors |
|
|
|
|
|
|
|
|
|
139,982 |
164,827 |
248,524 |
|
Nabors Delaware (Issuer/Guarantor)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues and other income: |
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings (losses) from consolidated affiliates |
|
|
|
|
|
|
|
|
|
191,821 |
(99,048) |
233,028 |
| Investment income (loss) |
|
|
|
|
|
|
|
|
|
75 |
43 |
68 |
| Intercompany interest income |
|
|
|
|
|
|
|
|
|
92 |
69,145 |
69,437 |
| Total revenues and other income |
|
|
|
|
|
|
|
|
|
191,988 |
(29,860) |
302,533 |
| Costs and other deductions: |
|
|
|
|
|
|
|
|
|
|
|
|
| General and administrative expenses |
|
|
|
|
|
|
|
|
|
796 |
458 |
348 |
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
3,610 |
3,610 |
3,532 |
| Interest expense |
|
|
|
|
|
|
|
|
|
234,512 |
268,904 |
278,657 |
| Losses (gains) on sales and disposals of long-lived assets and other expense (income), net |
|
|
|
|
|
|
|
|
|
211,976 |
(2,451) |
(1,904) |
| Total costs and other deductions |
|
|
|
|
|
|
|
|
|
450,894 |
270,521 |
280,633 |
| Income (loss) from continuing operations before income taxes |
|
|
|
|
|
|
|
|
|
(258,906) |
(300,381) |
21,900 |
| Income tax expense (benefit) |
|
|
|
|
|
|
|
|
|
(166,769) |
(74,493) |
(78,118) |
| Income (loss) from continuing operations, net of tax |
|
|
|
|
|
|
|
|
|
(92,137) |
(225,888) |
100,018 |
| Net income (loss) |
|
|
|
|
|
|
|
|
|
(92,137) |
(225,888) |
100,018 |
| Net income (loss) attributable to Nabors |
|
|
|
|
|
|
|
|
|
(92,137) |
(225,888) |
100,018 |
|
Other Subsidiaries (Non-Guarantors)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues and other income: |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating revenues |
|
|
|
|
|
|
|
|
|
6,152,015 |
6,843,051 |
6,013,480 |
| Earnings from unconsolidated affiliates |
|
|
|
|
|
|
|
|
|
39 |
(288,718) |
85,448 |
| Earnings (losses) from consolidated affiliates |
|
|
|
|
|
|
|
|
|
(92,137) |
(206,413) |
126,256 |
| Investment income (loss) |
|
|
|
|
|
|
|
|
|
101,047 |
63,094 |
19,867 |
| Total revenues and other income |
|
|
|
|
|
|
|
|
|
6,160,964 |
6,411,014 |
6,245,051 |
| Costs and other deductions: |
|
|
|
|
|
|
|
|
|
|
|
|
| Direct costs |
|
|
|
|
|
|
|
|
|
3,981,828 |
4,367,106 |
3,738,506 |
| General and administrative expenses |
|
|
|
|
|
|
|
|
|
514,000 |
521,962 |
476,090 |
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
1,083,067 |
1,036,313 |
914,590 |
| Interest expense |
|
|
|
|
|
|
|
|
|
(11,094) |
(17,000) |
(22,025) |
| Losses (gains) on sales and disposals of long-lived assets and other expense (income), net |
|
|
|
|
|
|
|
|
|
(181,929) |
(137,024) |
5,178 |
| Impairments and other charges |
|
|
|
|
|
|
|
|
|
287,241 |
290,260 |
198,072 |
| Intercompany interest expense |
|
|
|
|
|
|
|
|
|
92 |
69,145 |
69,437 |
| Total costs and other deductions |
|
|
|
|
|
|
|
|
|
5,673,205 |
6,130,762 |
5,379,848 |
| Income (loss) from continuing operations before income taxes |
|
|
|
|
|
|
|
|
|
487,759 |
280,252 |
865,203 |
| Income tax expense (benefit) |
|
|
|
|
|
|
|
|
|
111,588 |
115,479 |
243,201 |
| Subsidiary preferred stock dividend |
|
|
|
|
|
|
|
|
|
3,000 |
3,000 |
3,000 |
| Income (loss) from continuing operations, net of tax |
|
|
|
|
|
|
|
|
|
373,171 |
161,773 |
619,002 |
| Income (loss) from discontinued operations, net of tax |
|
|
|
|
|
|
|
|
|
(11,179) |
(67,526) |
(97,601) |
| Net income (loss) |
|
|
|
|
|
|
|
|
|
361,992 |
94,247 |
521,401 |
| Less: Net (income) loss attributable to noncontrolling interest |
|
|
|
|
|
|
|
|
|
(7,180) |
(621) |
(1,045) |
| Net income (loss) attributable to Nabors |
|
|
|
|
|
|
|
|
|
354,812 |
93,626 |
520,356 |
|
Consolidating Adjustments
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues and other income: |
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings (losses) from consolidated affiliates |
|
|
|
|
|
|
|
|
|
(258,129) |
132,262 |
(620,374) |
| Investment income (loss) |
|
|
|
|
|
|
|
|
|
(4,546) |
|
|
| Intercompany interest income |
|
|
|
|
|
|
|
|
|
(92) |
(69,145) |
(69,437) |
| Total revenues and other income |
|
|
|
|
|
|
|
|
|
(262,767) |
63,117 |
(689,811) |
| Costs and other deductions: |
|
|
|
|
|
|
|
|
|
|
|
|
| General and administrative expenses |
|
|
|
|
|
|
|
|
|
(577) |
(1,608) |
(600) |
| Losses (gains) on sales and disposals of long-lived assets and other expense (income), net |
|
|
|
|
|
|
|
|
|
577 |
1,608 |
600 |
| Intercompany interest expense |
|
|
|
|
|
|
|
|
|
(92) |
(69,145) |
(69,437) |
| Total costs and other deductions |
|
|
|
|
|
|
|
|
|
(92) |
(69,145) |
(69,437) |
| Income (loss) from continuing operations before income taxes |
|
|
|
|
|
|
|
|
|
(262,675) |
132,262 |
(620,374) |
| Income (loss) from continuing operations, net of tax |
|
|
|
|
|
|
|
|
|
(262,675) |
132,262 |
(620,374) |
| Net income (loss) |
|
|
|
|
|
|
|
|
|
(262,675) |
132,262 |
(620,374) |
| Less: Net (income) loss attributable to noncontrolling interest |
|
|
|
|
|
|
|
|
|
7,180 |
621 |
1,045 |
| Net income (loss) attributable to Nabors |
|
|
|
|
|
|
|
|
|
$ (262,675) |
$ 132,262 |
$ (620,374) |