v2.4.0.8

Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Consolidating Financial Information

Condensed Consolidating Balance Sheets

		December 31, 2013
		Nabors (Parent/ Guarantor)			Nabors Delaware (Issuer/ Guarantor)			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Total
		(In thousands)
			ASSETS
Current assets:
Cash		$	730		$	7,029		$	382,156		$	—		$	389,915
Short-term investments			—			—			117,218			—			117,218
Assets held for sale			—			—			243,264			—			243,264
Accounts receivable, net			27			—			1,399,516			—			1,399,543
Inventory			—			—			209,793			—			209,793
Deferred income taxes			—			—			121,316			—			121,316
Other current assets			50			26,378			246,353			—			272,781
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total current assets			807			33,407			2,719,616			—			2,753,830
Long-term investments			—			—			3,236			—			3,236
Property, plant and equipment, net			—			33,815			8,563,998			—			8,597,813
Goodwill			—			—			512,964			—			512,964
Intercompany receivables			160,136			3,891			1,583,539			(1,747,566	)		—
Investment in unconsolidated affiliates			5,808,606			6,097,337			1,854,111			(13,695,794	)		64,260
Other long-term assets			—			34,487			193,221			—			227,708
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total assets		$	5,969,549		$	6,202,937		$	15,430,685		$	(15,443,360	)	$	12,159,811
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
			LIABILITIES AND EQUITY
Current liabilities:
Current debt		$	—		$	—		$	10,185		$	—		$	10,185
Trade accounts payable			86			25			545,401			—			545,512
Accrued liabilities			378			65,947			630,768			—			697,093
Income taxes payable			—			—			58,634			—			58,634
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total current liabilities			464			65,972			1,244,988			—			1,311,424
Long-term debt			—			3,904,059			58			—			3,904,117
Other long-term liabilities			—			31,071			346,673			—			377,744
Deferred income taxes			—			(213,233	)		729,394			—			516,161
Intercompany payable			—			1,747,566			—			(1,747,566	)		—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total liabilities			464			5,535,435			2,321,113			(1,747,566	)		6,109,446
Subsidiary preferred stock			—			—			69,188			—			69,188
Shareholders' equity			5,969,085			667,502			13,028,293			(13,695,794	)		5,969,086
Noncontrolling interest			—			—			12,091			—			12,091
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total equity			5,969,085			667,502			13,040,384			(13,695,794	)		5,981,177
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total liabilities and equity		$	5,969,549		$	6,202,937		$	15,430,685		$	(15,443,360	)	$	12,159,811
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

		December 31, 2012
		Nabors (Parent/ Guarantor)			Nabors Delaware (Issuer/ Guarantor)			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Total
		(In thousands)
			ASSETS
Current assets:
Cash		$	1,639		$	106,778		$	416,505		$	—		$	524,922
Short-term investments			—			—			253,282			—			253,282
Assets held for sale			—			—			383,857			—			383,857
Accounts receivable, net			—			—			1,382,623			—			1,382,623
Inventory			—			—			251,133			—			251,133
Deferred income taxes			—			—			110,480			—			110,480
Other current assets			50			—			226,510			—			226,560
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total current assets			1,689			106,778			3,024,390			—			3,132,857
Long-term investments			—			—			4,269			—			4,269
Property, plant and equipment, net			—			37,300			8,674,788			—			8,712,088
Goodwill			—			—			472,326			—			472,326
Intercompany receivables			174,948			1,690,636			670,404			(2,535,988	)		—
Investment in unconsolidated affiliates			5,769,518			5,129,458			395,246			(11,232,532	)		61,690
Other long-term assets			—			31,904			240,888			—			272,792
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total assets		$	5,946,155		$	6,996,076		$	13,482,311		$	(13,768,520	)	$	12,656,022
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
			LIABILITIES AND EQUITY
Current liabilities:
Current debt		$	—		$	—		$	364		$	—		$	364
Trade accounts payable			116			23			498,871			—			499,010
Accrued liabilities			1,110			91,520			506,750			—			599,380
Income taxes payable			—			—			33,628			—			33,628
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total current liabilities			1,226			91,543			1,039,613			—			1,132,382
Long-term debt			—			4,379,263			73			—			4,379,336
Other long-term liabilities			—			30,983			487,681			—			518,664
Deferred income taxes			—			(24,906	)		624,241			—			599,335
Intercompany payable			—			2,535,988			—			(2,535,988	)		—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total liabilities			1,226			7,012,871			2,151,608			(2,535,988	)		6,629,717
Subsidiary preferred stock			—			—			69,188			—			69,188
Shareholders' equity			5,944,929			(16,795	)		11,249,327			(11,232,532	)		5,944,929
Noncontrolling interest			—			—			12,188			—			12,188
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total equity			5,944,929			(16,795	)		11,261,515			(11,232,532	)		5,957,117
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total liabilities and equity		$	5,946,155		$	6,996,076		$	13,482,311		$	(13,768,520	)	$	12,656,022
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

Condensed Consolidating Statements of Income (Loss)

		Year Ended December 31, 2013
		Nabors (Parent/ Guarantor)			Nabors Delaware (Issuer/ Guarantor)			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Total
		(In thousands)
Revenues and other income:
Operating revenues		$	—		$	—		$	6,152,015		$	—		$	6,152,015
Earnings from unconsolidated affiliates			—			—			39			—			39
Earnings (losses) from consolidated affiliates			158,445			191,821			(92,137	)		(258,129	)		—
Investment income (loss)			1			75			101,047			(4,546	)		96,577
Intercompany interest income			—			92			—			(92	)		—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total revenues and other income			158,446			191,988			6,160,964			(262,767	)		6,248,631
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Costs and other deductions:
Direct costs			—			—			3,981,828			—			3,981,828
General and administrative expenses			11,111			796			514,000			(577	)		525,330
Depreciation and amortization			—			3,610			1,083,067			—			1,086,677
Interest expense			—			234,512			(11,094	)		—			223,418
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net			7,353			211,976			(181,929	)		577			37,977
Impairments and other charges									287,241						287,241
Intercompany interest espense			—			—			92			(92	)		—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total costs and other deductions			18,464			450,894			5,673,205			(92	)		6,142,471
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Income from continuing operations before income taxes			139,982			(258,906	)		487,759			(262,675	)		106,160
Income tax expense (benefit)			—			(166,769	)		111,588			—			(55,181	)
Subsidiary preferred stock dividend			—			—			3,000			—			3,000
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Income (loss) from continuing operations, net of tax			139,982			(92,137	)		373,171			(262,675	)		158,341
Income (loss) from discontinued operations, net of tax			—			—			(11,179	)		—			(11,179	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net income (loss)			139,982			(92,137	)		361,992			(262,675	)		147,162
Less: Net (income) loss attributable to noncontrolling interest			—			—			(7,180	)		—			(7,180	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net income (loss) attributable to Nabors		$	139,982		$	(92,137	)	$	354,812		$	(262,675	)	$	139,982
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

		Year Ended December 31, 2012
		Nabors (Parent/ Guarantor)			Nabors Delaware (Issuer/ Guarantor)			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Total
		Revised			Revised			Revised			Revised			Revised
		(In thousands)
Revenues and other income:
Operating revenues		$	—		$	—		$	6,843,051		$	—		$	6,843,051
Earnings from unconsolidated affiliates			—			—			(288,718	)		—			(288,718	)
Earnings (losses) from consolidated affiliates			173,199			(99,048	)		(206,413	)		132,262			—
Investment income (loss)			—			43			63,094			—			63,137
Intercompany interest income			—			69,145			—			(69,145	)		—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total revenues and other income			173,199			(29,860	)		6,411,014			63,117			6,617,470
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Costs and other deductions:
Direct costs			—			—			4,367,106			—			4,367,106
General and administrative expenses			7,141			458			521,962			(1,608	)		527,953
Depreciation and amortization			—			3,610			1,036,313			—			1,039,923
Interest expense			—			268,904			(17,000	)		—			251,904
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net			1,231			(2,451	)		(137,024	)		1,608			(136,636	)
Impairments and other charges			—			—			290,260			—			290,260
Intercompany interest expense			—			—			69,145			(69,145	)		—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total costs and other deductions			8,372			270,521			6,130,762			(69,145	)		6,340,510
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Income from continuing operations before income taxes			164,827			(300,381	)		280,252			132,262			276,960
Income tax expense (benefit)			—			(74,493	)		115,479			—			40,986
Subsidiary preferred stock dividend			—			—			3,000			—			3,000
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Income (loss) from continuing operations, net of tax			164,827			(225,888	)		161,773			132,262			232,974
Income (loss) from discontinued operations, net of tax			—			—			(67,526	)		—			(67,526	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net income (loss)			164,827			(225,888	)		94,247			132,262			165,448
Less: Net (income) loss attributable to noncontrolling interest			—			—			(621	)		—			(621	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net income (loss) attributable to Nabors		$	164,827		$	(225,888	)	$	93,626		$	132,262		$	164,827
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

		Year Ended December 31, 2011
		Nabors (Parent/ Guarantor)			Nabors Delaware (Issuer/ Guarantor)			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Total
		Revised			Revised			Revised			Revised			Revised
		(In thousands)
Revenues and other income:
Operating revenues		$	—		$	—		$	6,013,480		$	—		$	6,013,480
Earnings from unconsolidated affiliates			—			—			85,448			—			85,448
Earnings (losses) from consolidated affiliates			261,090			233,028			126,256			(620,374	)		—
Investment income (loss)			4			68			19,867			—			19,939
Intercompany interest income			—			69,437			—			(69,437	)		—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total revenues and other income			261,094			302,533			6,245,051			(689,811	)		6,118,867
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Costs and other deductions:
Direct costs			—			—			3,738,506			—			3,738,506
General and administrative expenses			11,970			348			476,090			(600	)		487,808
Depreciation and amortization			—			3,532			914,590			—			918,122
Interest expense			—			278,657			(22,025	)		—			256,632
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net			600			(1,904	)		5,178			600			4,474
Impairments and other charges			—			—			198,072			—			198,072
Intercompany interest expense			—			—			69,437			(69,437	)		—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total costs and other deductions			12,570			280,633			5,379,848			(69,437	)		5,603,614
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Income from continuing operations before income taxes			248,524			21,900			865,203			(620,374	)		515,253
Income tax expense (benefit)			—			(78,118	)		243,201			—			165,083
Subsidiary preferred stock dividend			—			—			3,000			—			3,000
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Income (loss) from continuing operations, net of tax			248,524			100,018			619,002			(620,374	)		347,170
Income (loss) from discontinued operations, net of tax			—			—			(97,601	)		—			(97,601	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net income (loss)			248,524			100,018			521,401			(620,374	)		249,569
Less: Net (income) loss attributable to noncontrolling interest			—			—			(1,045	)		—			(1,045	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net income (loss) attributable to Nabors			248,524			100,018			520,356			(620,374	)		248,524
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

Condensed Consolidating Statements Of Other Comprehensive Income (Loss)

		Year Ended December 31, 2013
		Nabors (Parent/ Guarantor)			Nabors Delaware (Issuer/ Guarantor)			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Total
		(In thousands)
Net income (loss) attributable to Nabors		$	139,982		$	(92,137	)	$	354,812		$	(262,675	)	$	139,982
Other comprehensive income (loss) before tax
Translation adjustment attributable to Nabors			(65,447	)		87			(65,357	)		65,270			(65,447	)
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities			23,007			98			23,105			(23,203	)		23,007
Less: reclassification adjustment for (gains)/losses on marketable securities			(88,158	)		(7,114	)		(95,272	)		102,386			(88,158	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Unrealized gains/(losses) on marketable securities			(65,151	)		(7,016	)		(72,167	)		79,183			(65,151	)
Pension plan			5,916			5,916			11,832			(17,748	)		5,916
Unrealized gains/(losses) on cash flow hedges			613			613			613			(1,226	)		613
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Other comprehensive income (loss) before tax			(124,069	)		(400	)		(125,079	)		125,479			(124,069	)
Income tax expense (benefit) related to items of other comprehensive income (loss)			(66	)		(66	)		(370	)		436			(66	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Other comprehensive income (loss), net of tax			(124,003	)		(334	)		(124,709	)		125,043			(124,003	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Comprehensive income (loss) attributable to Nabors			15,979			(92,471	)		230,103			(137,632	)		15,979
Net income (loss) attributable to noncontrolling interest			7,180			—			7,180			(7,180	)		7,180
Translation adjustment to noncontrolling interest			(932	)		—			(932	)		932			(932	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Comprehensive income (loss) attributable to noncontrolling interest			6,248			—			6,248			(6,248	)		6,248
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Comprehensive income (loss)		$	22,227		$	(92,471	)	$	236,351		$	(143,880	)	$	22,227
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

		Year Ended December 31, 2012
		Nabors (Parent/ Guarantor)			Nabors Delaware (Issuer/ Guarantor)			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Total
		Revised			Revised			Revised			Revised			Revised
		(In thousands)
Net income (loss) attributable to Nabors		$	164,827		$	(225,888	)	$	93,626		$	132,262		$	164,827
Other comprehensive income (loss) before tax
Translation adjustment attributable to Nabors			21,073			(88	)		20,987			(20,899	)		21,073
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities			98,138			133			98,271			(98,404	)		98,138
Less: reclassification adjustment for (gains)/losses on marketable securities			(13,405	)		(11,488	)		(24,893	)		36,381			(13,405	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Unrealized gains/(losses) on marketable securities			84,733			(11,355	)		73,378			(62,023	)		84,733
Pension plan			(324	)		(324	)		(648	)		972			(324	)
Unrealized gains/(losses) on cash flow hedges			702			702			702			(1,404	)		702
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Other comprehensive income (loss) before tax			106,184			(11,065	)		94,419			(83,354	)		106,184
Income tax expense (benefit) related to items of other comprehensive income (loss)			(4,147	)		(4,147	)		(8,533	)		12,680			(4,147	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Other comprehensive income (loss), net of tax			110,331			(6,918	)		102,952			(96,034	)		110,331
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Comprehensive income (loss) attributable to Nabors			275,158			(232,806	)		196,578			36,228			275,158
Net income (loss) attributable to noncontrolling interest			621			—			621			(621	)		621
Translation adjustment to noncontrolling interest			311			—			311			(311	)		311
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Comprehensive income (loss) attributable to noncontrolling interest			932			—			932			(932	)		932
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Comprehensive income (loss)		$	276,090		$	(232,806	)	$	197,510		$	35,296		$	276,090
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

		Year Ended December 31, 2011
		Nabors (Parent/ Guarantor)			Nabors Delaware (Issuer/ Guarantor)			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Total
		Revised			Revised			Revised			Revised			Revised
		(In thousands)
Net income (loss) attributable to Nabors		$	248,524		$	100,018		$	520,356		$	(620,374	)	$	248,524
Other comprehensive income (loss) before tax
Translation adjustment attributable to Nabors			(20,257	)		(5,511	)		(25,768	)		31,279			(20,257	)
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities			5,356			226			5,582			(5,808	)		5,356
Less: reclassification adjustment for (gains)/losses on marketable securities			(3,036	)		—			(3,036	)		3,036			(3,036	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Unrealized gains/(losses) on marketable securities			2,320			226			2,546			(2,772	)		2,320
Pension plan			(5,391	)		(5,391	)		(10,782	)		16,173			(5,391	)
Unrealized gains/(losses) and amortization of (gains)/losses on cash flow hedges			763			763			763			(1,526	)		763
Other comprehensive income (loss) before tax			(22,565	)		(9,913	)		(33,241	)		43,154			(22,565	)
Income tax expense (benefit) related to items of other comprehensive income (loss)			(1,777	)		(1,777	)		(3,793	)		5,570			(1,777	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Other comprehensive income (loss), net of tax			(20,788	)		(8,136	)		(29,448	)		37,584			(20,788	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Comprehensive income (loss) attributable to Nabors			227,736			91,882			490,908			(582,790	)		227,736
Net income (loss) attributable to noncontrolling interest			1,045			—			1,045			(1,045	)		1,045
Translation adjustment to noncontrolling interest			(185	)		—			(185	)		185			(185	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Comprehensive income (loss) attributable to noncontrolling interest			860			—			860			(860	)		860
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Comprehensive income (loss)		$	228,596		$	91,882		$	491,768		$	(583,650	)	$	228,596
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

Condensed Consolidating Statements of Cash Flows

		Year Ended December 31, 2013
		Nabors (Parent/ Guarantor)			Nabors Delaware (Issuer/ Guarantor)			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Total
		(In thousands)
Net cash provided by (used for) operating activities		$	16,746		$	(157,952	)	$	1,531,902		$	27,527		$	1,418,223
Cash flows from investing activities:
Purchases of investments			—			—			—			—			—
Sales and maturities of investments			—			—			164,510			—			164,510
Proceeds from sale of unconsolidated affiliates			—			—			12,640			—			12,640
Cash paid for acquisition of businesses, net			—			—			(116,971	)		—			(116,971	)
Investment in unconsolidated affiliates			—			—			(5,967	)		—			(5,967	)
Capital expenditures			—			—			(1,178,205	)		—			(1,178,205	)
Proceeds from sales of assets and insurance claims			—			—			308,538			—			308,538
Cash paid for investments in consolidated affiliates			(100	)		(772,000	)		(1,544,000	)		2,316,100			—
Other			—			—			(13	)		—			(13	)
Changes in intercompany balances			—			748,537			(748,537	)		—			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net cash provided by (used for) investing activities			(100	)		(23,463	)		(3,108,005	)		2,316,100			(815,468	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Cash flows from financing activities:
Increase (decrease) in cash overdrafts			—			—			(4,421	)		—			(4,421	)
Proceeds from issuance of long-term debt			—			698,434			319			—			698,753
Debt issuance costs			—			(4,500	)		—			—			(4,500	)
Proceeds from (payments for) issuance of common shares			37,455			—			—			(32,072	)		5,383
Reduction in long-term debt			—			(994,112	)		(69	)		—			(994,181	)
Dividends to shareholders			(51,713	)		—			—			4,545			(47,168	)
Proceeds (reductions) in commercial paper, net			—			329,844			—			—			329,844
Reduction in revolving credit facilities			—			(720,000	)		—			—			(720,000	)
Proceeds from parent contributions			—			772,000			1,544,100			(2,316,100	)		—
Other			(3,296	)		—			10,000			—			6,704
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net cash (used for) provided by financing activities			(17,554	)		81,666			1,549,929			(2,343,627	)		(729,586	)
Effect of exchange rate changes on cash and cash equivalents			—			—			(8,176	)		—			(8,176	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net increase (decrease) in cash and cash equivalents			(908	)		(99,749	)		(34,350	)		—			(135,007	)
Cash and cash equivalents, beginning of period			1,639			106,778			416,505			—			524,922
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Cash and cash equivalents, end of period		$	731		$	7,029		$	382,155		$	—		$	389,915
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

		Year Ended December 31, 2012
		Nabors (Parent/ Guarantor)			Nabors Delaware (Issuer/ Guarantor)			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Total
		(In thousands)
Net cash provided by (used for) operating activities		$	7,253		$	39,708		$	1,546,250		$	(30,506	)	$	1,562,705
Cash flows from investing activities:
Purchases of investments			—			—			(949	)		—			(949	)
Sales and maturities of investments			—			—			31,944			—			31,944
Proceeds from sale of unconsolidated affiliates			—			—			159,529			—			159,529
Cash paid for acquisition of businesses, net			(35	)		—			—			35			—
Investment in unconsolidated affiliates			—			—			(1,325	)		—			(1,325	)
Capital expenditures			—			—			(1,518,628	)		—			(1,518,628	)
Proceeds from sales of assets and insurance claims			—			—			149,801			—			149,801
Changes in intercompany balances			—			274,482			(274,482	)		—			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net cash provided by (used for) investing activities			(35	)		274,482			(1,454,110	)		35			(1,179,628	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Cash flows from financing activities:
Increase (decrease) in cash overdrafts			—			—			1,612			—			1,612
Debt issuance costs			—			(3,433	)		—			—			(3,433	)
Proceeds from revolving credit facilities			—			710,000			—			—			710,000
Proceeds from (payments for) issuance of common shares			(3,622	)		—			(3	)		—			(3,625	)
Reduction in long-term debt			—			(224,997	)		(51,261	)		—			(276,258	)
Reduction in revolving credit facilities			—			(680,000	)		—			—			(680,000	)
Other			(2,160	)		—			(263	)		—			(2,423	)
Proceeds from parent contributions			—			—			35			(35	)		—
Cash dividends paid			—			(9,003	)		(21,503	)		30,506			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net cash (used for) provided by financing activities			(5,782	)		(207,433	)		(71,383	)		30,471			(254,127	)
Effect of exchange rate changes on cash and cash equivalents			—			—			(2,603	)		—			(2,603	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net increase (decrease) in cash and cash equivalents			1,436			106,757			18,154			—			126,347
Cash and cash equivalents, beginning of period			203			21			398,351			—			398,575
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Cash and cash equivalents, end of period		$	1,639		$	106,778		$	416,505		$	—		$	524,922
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

		Year Ended December 31, 2011
		Nabors (Parent/ Guarantor)			Nabors Delaware (Issuer/ Guarantor)			Other Subsidiaries (Non- Guarantors)			Consolidating Adjustments			Total
		(In thousands)
Net cash provided by (used for) operating activities		$	6,612		$	(109,125	)	$	1,559,000		$	—		$	1,456,487
Cash flows from investing activities:
Purchases of investments			—			—			(11,746	)		—			(11,746	)
Sales and maturities of investments			—			—			39,063			—			39,063
Proceeds from sale of unconsolidated affiliate			—			—			142,984			—			142,984
Cash paid for acquisition of businesses, net			—			—			(55,459	)		—			(55,459	)
Investment in unconsolidated affiliates			—			—			(112,262	)		—			(112,262	)
Capital expenditures			—			—			(2,042,617	)		—			(2,042,617	)
Proceeds from sales of assets and insurance claims			—			—			180,558			—			180,558
Cash paid for investments in consolidated affiliates			(26,235	)		(65,000	)		—			91,235			—
Changes in intercompany balances			—			77,947			(77,947	)		—			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net cash provided by (used for) investing activities			(26,235	)		12,947			(1,937,426	)		91,235			(1,859,479	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Cash flows from financing activities:
Increase (decrease) in cash overdrafts			—			—			6,375			—			6,375
Proceeds from issuance of long-term debt			—			697,578			—			—			697,578
Debt issuance costs			—			(7,141	)		—			—			(7,141	)
Proceeds from revolving credit facilities			—			1,510,000			50,000			—			1,560,000
Proceeds from (payments for) issuance of common shares			11,605			—			—			—			11,605
Reduction in long-term debt			—			(1,404,246	)		(35	)		—			(1,404,281	)
Reduction in revolving credit facilities			—			(700,000	)		—			—			(700,000	)
Proceeds from parent contributions			—			—			91,235			(91,235	)		—
Other			(2,626	)		(12	)		1,747			—			(891	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net cash (used for) provided by financing activities			8,979			96,179			149,322			(91,235	)		163,245
Effect of exchange rate changes on cash and cash equivalents			—			—			(3,380	)		—			(3,380	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net increase (decrease) in cash and cash equivalents			(10,644	)		1			(232,484	)		—			(243,127	)
Cash and cash equivalents, beginning of period			10,847			20			630,835			—			641,702
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Cash and cash equivalents, end of period		$	203		$	21		$	398,351		$	—		$	398,575
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

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-Name Accounting Standards Codification

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-SubTopic 10

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