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Unaudited Quarterly Financial Information | 12 Months Ended
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Dec. 31, 2019
Unaudited Quarterly Financial Information |
Unaudited Quarterly Financial Information | Note 18 Unaudited Quarterly Financial Information ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2019 |
​ | ​ | Quarter Ended |
​ |  | March 31, |  | June 30, |  | September 30, |  | December 31, |
​ | ​ | (In thousands, except per share amounts) |
Operating revenues | ​ | $ | 799,640 | ​ | $ | 771,406 | ​ | $ | 758,076 | ​ | $ | 714,261 | ​
Income (loss) from continuing operations, net of tax | ​ | $ | (103,376) | ​ | $ | (192,801) | ​ | $ | (99,788) | ​ | $ | (284,533) | ​
Income (loss) from discontinued operations, net of tax | ​ |  | (157) | ​ |  | (34) | ​ |  | 157 | ​ |  | 22 | ​
Net income (loss) | ​ | ​ | (103,533) | ​ | ​ | (192,835) | ​ | ​ | (99,631) | ​ | ​ | (284,511) | ​
Less: Net (income) loss attributable to noncontrolling interest | ​ |  | (14,176) | ​ |  | (10,729) | ​ |  | (19,297) | ​ |  | 21,827 | ​
Net income (loss) attributable to Nabors | ​ | $ | (117,709) | ​ | $ | (203,564) | ​ | $ | (118,928) | ​ | $ | (262,684) | ​
Less: Preferred stock dividend | ​ |  | (4,313) | ​ |  | (4,312) | ​ |  | (4,310) | ​ |  | (4,309) | ​
Net income (loss) attributable to Nabors common shareholders | ​ | $ | (122,022) | ​ | $ | (207,876) | ​ | $ | (123,238) | ​ | $ | (266,993) | ​
Earnings (losses) per share: (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic from continuing operations | ​ | $ | (0.36) | ​ | $ | (0.61) | ​ | $ | (0.37) | ​ | $ | (0.77) | ​
Basic from discontinued operations | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​
Total Basic | ​ | $ | (0.36) | ​ | $ | (0.61) | ​ | $ | (0.37) | ​ | $ | (0.77) | ​
Diluted from continuing operations | ​ | $ | (0.36) | ​ | $ | (0.61) | ​ | $ | (0.37) | ​ | $ | (0.77) | ​
Diluted from discontinued operations | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​
Total Diluted | ​ | $ | (0.36) | ​ | $ | (0.61) | ​ | $ | (0.37) | ​ | $ | (0.77) | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2018 |
​ | ​ | Quarter Ended |
​ |  | March 31, |  | June 30, |  | September 30, |  | December 31, |
​ | ​ | (In thousands, except per share amounts) |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
Operating revenues | ​ | $ | 734,194 | ​ | $ | 761,920 | ​ | $ | 779,425 | ​ | $ | 782,080 | ​
Income (loss) from continuing operations, net of tax | ​ | $ | (143,587) | ​ | $ | (195,215) | ​ | $ | (93,710) | ​ | $ | (165,551) | ​
Income (loss) from discontinued operations, net of tax | ​ |  | (75) | ​ |  | (584) | ​ |  | (13,933) | ​ |  | (71) | ​
Net income (loss) | ​ | ​ | (143,662) | ​ | ​ | (195,799) | ​ | ​ | (107,643) | ​ | ​ | (165,622) | ​
Less: Net (income) loss attributable to noncontrolling interest | ​ |  | (539) | ​ |  | (2,953) | ​ |  | (6,934) | ​ |  | (17,796) | ​
Net income (loss) attributable to Nabors | ​ | $ | (144,201) | ​ | $ | (198,752) | ​ | $ | (114,577) | ​ | $ | (183,418) | ​
Less: Preferred stock dividend | ​ |  | — | ​ |  | (3,680) | ​ |  | (4,313) | ​ |  | (4,312) | ​
Net income (loss) attributable to Nabors common shareholders | ​ | $ | (144,201) | ​ | $ | (202,432) | ​ | $ | (118,890) | ​ | $ | (187,730) | ​
Earnings (losses) per share: (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic from continuing operations | ​ | $ | (0.46) | ​ | $ | (0.61) | ​ | $ | (0.31) | ​ | $ | (0.55) | ​
Basic from discontinued operations | ​ |  | — | ​ |  | — | ​ |  | (0.04) | ​ |  | — | ​
Total Basic | ​ | $ | (0.46) | ​ | $ | (0.61) | ​ | $ | (0.35) | ​ | $ | (0.55) | ​
Diluted from continuing operations | ​ | $ | (0.46) | ​ | $ | (0.61) | ​ | $ | (0.31) | ​ | $ | (0.55) | ​
Diluted from discontinued operations | ​ |  | — | ​ |  | — | ​ |  | (0.04) | ​ |  | — | ​
Total Diluted | ​ | $ | (0.46) | ​ | $ | (0.61) | ​ | $ | (0.35) | ​ | $ | (0.55) | ​
| (1) | Earnings per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly earnings per share may not equal the total computed for the year.
| (2) |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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