|
Condensed Consolidating Financial Information (Details 5) (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
12 Months Ended |
|
Mar. 31, 2012
|
Jun. 30, 2012
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Condensed Consolidating Statements Of Cash Flows |
|
|
|
|
|
| Net cash provided by (used for) operating activities |
$ 244,183 |
$ 711,937 |
$ 1,418,223 |
$ 1,562,705 |
$ 1,456,487 |
| Cash flows from investing activities: |
|
|
|
|
|
| Purchases of investments |
|
|
|
(949) |
(11,746) |
| Sales and maturities of investments |
|
|
164,510 |
31,944 |
39,063 |
| Proceeds from sale of unconsolidated affiliates |
|
|
12,640 |
159,529 |
142,984 |
| Cash paid for acquisition of businesses, net |
|
|
(116,971) |
|
(55,459) |
| Investment in unconsolidated affiliates |
|
|
(5,967) |
(1,325) |
(112,262) |
| Capital expenditures |
|
|
(1,178,205) |
(1,518,628) |
(2,042,617) |
| Proceeds from sales of assets and insurance claims |
|
|
308,538 |
149,801 |
180,558 |
| Other |
|
|
(13) |
|
|
| Net cash used for investing activities |
|
|
(815,468) |
(1,179,628) |
(1,859,479) |
| Cash flows from financing activities: |
|
|
|
|
|
| Increase (decrease) in cash overdrafts |
|
|
(4,421) |
1,612 |
6,375 |
| Proceeds from issuance of long-term debt |
|
|
698,753 |
|
|
| Debt issuance costs |
|
|
(4,500) |
(3,433) |
(7,141) |
| Proceeds from revolving credit facilities |
|
|
|
710,000 |
1,560,000 |
| Proceeds from (payments for) issuance of common shares |
|
|
5,383 |
(3,625) |
11,605 |
| Reduction in long-term debt |
|
|
(994,181) |
(276,258) |
(1,404,281) |
| Dividends to shareholders |
|
|
(47,168) |
|
|
| Proceeds (reductions) in commercial paper, net |
|
|
329,844 |
|
|
| Reduction in revolving credit facilities |
|
|
(720,000) |
(680,000) |
(700,000) |
| Repurchase of equity component of convertible debt |
|
|
|
|
(12) |
| Purchase of restricted stock |
|
|
|
(2,160) |
(2,626) |
| Tax benefit related to share-based awards |
|
|
|
(263) |
1,747 |
| Other |
|
|
6,704 |
(2,423) |
(891) |
| Net cash (used for) provided by financing activities |
|
|
(729,586) |
(254,127) |
163,245 |
| Effect of exchange rate changes on cash and cash equivalents |
|
|
(8,176) |
(2,603) |
(3,380) |
| Net increase (decrease) in cash and cash equivalents |
|
|
(135,007) |
126,347 |
(243,127) |
| Cash and cash equivalents, beginning of period |
398,575 |
398,575 |
524,922 |
398,575 |
641,702 |
| Cash and cash equivalents, end of period |
|
|
389,915 |
524,922 |
398,575 |
|
Nabors (Parent/Guarantor)
|
|
|
|
|
|
| Condensed Consolidating Statements Of Cash Flows |
|
|
|
|
|
| Net cash provided by (used for) operating activities |
|
|
16,746 |
7,253 |
6,612 |
| Cash flows from investing activities: |
|
|
|
|
|
| Cash paid for acquisition of businesses, net |
|
|
|
(35) |
|
| Cash paid for investments in consolidated affiliates |
|
|
(100) |
|
(26,235) |
| Net cash used for investing activities |
|
|
(100) |
(35) |
(26,235) |
| Cash flows from financing activities: |
|
|
|
|
|
| Proceeds from (payments for) issuance of common shares |
|
|
37,455 |
(3,622) |
11,605 |
| Dividends to shareholders |
|
|
(51,713) |
|
|
| Other |
|
|
(3,296) |
(2,160) |
(2,626) |
| Net cash (used for) provided by financing activities |
|
|
(17,554) |
(5,782) |
8,979 |
| Net increase (decrease) in cash and cash equivalents |
|
|
(908) |
1,436 |
(10,644) |
| Cash and cash equivalents, beginning of period |
203 |
203 |
1,639 |
203 |
10,847 |
| Cash and cash equivalents, end of period |
|
|
730 |
1,639 |
203 |
|
Nabors Delaware (Issuer/Guarantor)
|
|
|
|
|
|
| Condensed Consolidating Statements Of Cash Flows |
|
|
|
|
|
| Net cash provided by (used for) operating activities |
|
|
(157,952) |
39,708 |
(109,125) |
| Cash flows from investing activities: |
|
|
|
|
|
| Cash paid for investments in consolidated affiliates |
|
|
(772,000) |
|
(65,000) |
| Changes in intercompany balances |
|
|
748,537 |
274,482 |
77,947 |
| Net cash used for investing activities |
|
|
(23,463) |
274,482 |
12,947 |
| Cash flows from financing activities: |
|
|
|
|
|
| Proceeds from issuance of long-term debt |
|
|
698,434 |
|
697,578 |
| Debt issuance costs |
|
|
(4,500) |
(3,433) |
(7,141) |
| Proceeds from revolving credit facilities |
|
|
|
710,000 |
1,510,000 |
| Reduction in long-term debt |
|
|
(994,112) |
(224,997) |
(1,404,246) |
| Dividends to shareholders |
|
|
|
9,003 |
|
| Proceeds (reductions) in commercial paper, net |
|
|
329,844 |
|
|
| Reduction in revolving credit facilities |
|
|
(720,000) |
(680,000) |
(700,000) |
| Proceeds from parent contributions |
|
|
772,000 |
|
|
| Other |
|
|
|
|
(12) |
| Net cash (used for) provided by financing activities |
|
|
81,666 |
(207,433) |
96,179 |
| Net increase (decrease) in cash and cash equivalents |
|
|
(99,749) |
106,757 |
1 |
| Cash and cash equivalents, beginning of period |
21 |
21 |
106,778 |
21 |
20 |
| Cash and cash equivalents, end of period |
|
|
7,029 |
106,778 |
21 |
|
Other Subsidiaries (Non-Guarantors)
|
|
|
|
|
|
| Condensed Consolidating Statements Of Cash Flows |
|
|
|
|
|
| Net cash provided by (used for) operating activities |
|
|
1,531,902 |
1,546,250 |
1,559,000 |
| Cash flows from investing activities: |
|
|
|
|
|
| Purchases of investments |
|
|
|
(949) |
(11,746) |
| Sales and maturities of investments |
|
|
164,510 |
31,944 |
39,063 |
| Proceeds from sale of unconsolidated affiliates |
|
|
12,640 |
159,529 |
142,984 |
| Cash paid for acquisition of businesses, net |
|
|
(116,971) |
|
(55,459) |
| Investment in unconsolidated affiliates |
|
|
(5,967) |
(1,325) |
(112,262) |
| Capital expenditures |
|
|
(1,178,205) |
(1,518,628) |
(2,042,617) |
| Proceeds from sales of assets and insurance claims |
|
|
308,538 |
149,801 |
180,558 |
| Cash paid for investments in consolidated affiliates |
|
|
(1,544,000) |
|
|
| Other |
|
|
(13) |
|
|
| Changes in intercompany balances |
|
|
(748,537) |
(274,482) |
(77,947) |
| Net cash used for investing activities |
|
|
(3,108,005) |
(1,454,110) |
(1,937,426) |
| Cash flows from financing activities: |
|
|
|
|
|
| Increase (decrease) in cash overdrafts |
|
|
(4,421) |
1,612 |
6,375 |
| Proceeds from issuance of long-term debt |
|
|
319 |
|
|
| Proceeds from revolving credit facilities |
|
|
|
|
50,000 |
| Proceeds from (payments for) issuance of common shares |
|
|
|
(3) |
|
| Reduction in long-term debt |
|
|
(69) |
(51,261) |
(35) |
| Dividends to shareholders |
|
|
|
21,503 |
|
| Proceeds from parent contributions |
|
|
1,544,100 |
35 |
91,235 |
| Other |
|
|
10,000 |
(263) |
1,747 |
| Net cash (used for) provided by financing activities |
|
|
1,549,929 |
(71,383) |
149,322 |
| Effect of exchange rate changes on cash and cash equivalents |
|
|
(8,176) |
(2,603) |
(3,380) |
| Net increase (decrease) in cash and cash equivalents |
|
|
(34,350) |
18,154 |
(232,484) |
| Cash and cash equivalents, beginning of period |
398,351 |
398,351 |
416,505 |
398,351 |
630,835 |
| Cash and cash equivalents, end of period |
|
|
382,156 |
416,505 |
398,351 |
|
Consolidating Adjustments
|
|
|
|
|
|
| Condensed Consolidating Statements Of Cash Flows |
|
|
|
|
|
| Net cash provided by (used for) operating activities |
|
|
27,527 |
(30,506) |
|
| Cash flows from investing activities: |
|
|
|
|
|
| Cash paid for acquisition of businesses, net |
|
|
|
35 |
|
| Cash paid for investments in consolidated affiliates |
|
|
2,316,100 |
|
91,235 |
| Net cash used for investing activities |
|
|
2,316,100 |
35 |
91,235 |
| Cash flows from financing activities: |
|
|
|
|
|
| Proceeds from (payments for) issuance of common shares |
|
|
(32,072) |
|
|
| Dividends to shareholders |
|
|
(4,545) |
(30,506) |
|
| Proceeds from parent contributions |
|
|
(2,316,100) |
(35) |
(91,235) |
| Net cash (used for) provided by financing activities |
|
|
$ (2,343,627) |
$ 30,471 |
$ (91,235) |