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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
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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| Revenues and other income: | ||||||||||||
| Operating revenues | $ 6,152,015 | $ 6,843,051 | $ 6,013,480 | |||||||||
| Earnings (losses) 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): | ||||||||||||
| Current | 39,865 | 142,994 | 109,702 | |||||||||
| Deferred | (69,966) | 49,765 | (20,201) | (95,046) | (102,008) | 55,381 | ||||||
| Total 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 |
| 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 |
| Basic from discontinued operations (in dollars per share) | $ 0.07 | $ (0.05) | $ (0.09) | $ 0.03 | $ (0.36) | $ 0.04 | $ 0.09 | $ (0.01) | $ (0.04) | $ (0.23) | $ (0.34) | |
| 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 |
| Diluted from discontinued operations (in dollars per share) | $ 0.08 | $ (0.05) | $ (0.09) | $ 0.02 | $ (0.36) | $ 0.04 | $ 0.09 | $ (0.01) | $ (0.04) | $ (0.23) | $ (0.33) | |
| 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 |
| Weighted-average number of common shares outstanding: | ||||||||||||
| Basic (in shares) | 294,182 | 289,965 | 287,118 | |||||||||
| Diluted (in shares) | 296,592 | 292,323 | 292,484 | |||||||||
| X | ||||||||||
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- Definition
The sum of a) the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value and b) other charges. No definition available.
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- Definition
The aggregate expense recognized in the current period that allocates the cost of long-lived physical assets and intangible assets, to periods that benefit from use of the assets. No definition available.
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- Definition
Represents the gains (losses) on sales and retirements of long-lived assets other income expense net. No definition available.
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- Definition
The sum of Operating revenues, Gains (losses) from unconsolidated affiliates and Investment income for the period. No definition available.
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- Details
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| X | ||||||||||
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- Definition
Represents the information pertaining to subsidiary preferred stock dividend paid during the period. No definition available.
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- Details
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| X | ||||||||||
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income and dividend income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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