XML 41 R25.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Supplemental Balance Sheet and Income Statement Information | 12 Months Ended
--- | ---
Dec. 31, 2023
Supplemental Balance Sheet, Income Statement and Cash Flow Information |
Supplemental Balance Sheet, Income Statement and Cash Flow Information | Note 17 Supplemental Balance Sheet, Income Statement and Cash Flow Information ​ Accrued liabilities include the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, |
​ |  | 2023 |  | 2022 |
​ | ​ | (In thousands) |
Accrued compensation | ​ | $ | 58,769 | ​ | $ | 64,926 | ​
Deferred revenue | ​ |  | 29,233 | ​ | ​ | 37,808 | ​
Other taxes payable | ​ |  | 41,322 | ​ | ​ | 39,621 | ​
Workers’ compensation liabilities | ​ |  | 6,588 | ​ |  | 6,588 | ​
Interest payable | ​ |  | 57,607 | ​ |  | 69,174 | ​
Litigation reserves | ​ |  | 19,924 | ​ |  | 18,681 | ​
Other accrued liabilities | ​ |  | 16,797 | ​ |  | 10,777 | ​
​ | ​ | $ | 230,240 | ​ | $ | 247,575 | ​
​ Investment income (loss) includes the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Year Ended December 31, |
​ | ​ | ​ | 2023 |  | 2022 |  | 2021 |
​ |  |  | (In thousands) | ​
Interest and dividend income | ​ | ​ | $ | 45,900 | ​ | $ | 15,474 | ​ | $ | 1,527 | ​
Gains (losses) on marketable securities | ​ | ​ |  | (2,080) | ​ |  | (482) | ​ |  | 30 | ​
​ | ​ | ​ | $ | 43,820 | ​ | $ | 14,992 | ​ | $ | 1,557 | ​
​ Other, net includes the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Year Ended December 31, |
​ | ​ | ​ | ​ | 2023 |  | 2022 |  | 2021 |
​ | ​ |  |  | (In thousands) | ​
Losses on sales, disposals and involuntary conversions of long-lived assets | ​ | ​ | ​ | $ | 13,923 | ​ | $ | 7,350 | ​ | $ | 23,883 | ​
Purchase of technology | ​ | ​ | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 14,733 | ​
Energy transition initiatives | ​ | ​ | ​ | ​ | 11,795 | ​ | ​ | — | ​ | ​ | — | ​
Warrant and derivative valuation | ​ | ​ | ​ | ​ | (54,948) | ​ | ​ | 95,876 | ​ | ​ | — | ​
Litigation expenses and reserves | ​ | ​ | ​ |  | 26,451 | ​ | ​ | 15,160 | ​ | ​ | 8,290 | ​
Foreign currency transaction losses | ​ | ​ | ​ |  | 37,285 | ​ | ​ | 6,689 | ​ | ​ | 4,807 | ​
(Gain) on debt buyback | ​ | ​ | ​ |  | (25,274) | ​ | ​ | (4,597) | ​ | ​ | (13,423) | ​
Other losses (gains) | ​ | ​ | ​ |  | (9,958) | ​ | ​ | 6,621 | ​ | ​ | 1,708 | ​
​ | ​ | ​ | ​ | $ | (726) | ​ | $ | 127,099 | ​ | $ | 39,998 | ​
​ The changes in accumulated other comprehensive income (loss), by component, include the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
​ | ​ | Gains | ​ | Defined | ​ | ​ | ​ | ​ | ​ | ​ |
​ | ​ | (losses) on | ​ | benefit | ​ | Foreign | ​ | ​ | ​ |
​ | ​ | cash flow | ​ | pension plan | ​ | currency | ​ | ​ | ​ |
​ |  | hedges |  | items |  | items |  | Total |
​ | ​ | (In thousands (1) ) |
As of January 1, 2022 | ​ | $ | 2 | ​ | $ | (5,356) | ​ | $ | (5,280) | ​ | $ | (10,634) | ​
Other comprehensive income (loss) before reclassifications | ​ |  | — | ​ | ​ | 1,429 | ​ |  | (1,993) | ​ | ​ | (564) | ​
Amounts reclassified from accumulated other comprehensive income (loss) | ​ |  | — | ​ | ​ | 160 | ​ | ​ | — | ​ | ​ | 160 | ​
Net other comprehensive income (loss) | ​ |  | — | ​ |  | 1,589 | ​ |  | (1,993) | ​ |  | (404) | ​
As of December 31, 2022 | ​ | $ | 2 | ​ | $ | (3,767) | ​ | $ | (7,273) | ​ | $ | (11,038) | ​
(1) | All amounts are net of tax.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
​ | ​ | Gains | ​ | Defined | ​ | ​ | ​ | ​ | ​ | ​ |
​ | ​ | (losses) on | ​ | benefit | ​ | Foreign | ​ | ​ | ​ |
​ | ​ | cash flow | ​ | pension plan | ​ | currency | ​ | ​ | ​ |
​ |  | hedges |  | items |  | items |  | Total |
​ | ​ | (In thousands (1) ) |
As of January 1, 2023 | ​ | $ | 2 | ​ | $ | (3,767) | ​ | $ | (7,273) | ​ | $ | (11,038) | ​
Other comprehensive income (loss) before reclassifications | ​ |  | — | ​ |  | — | ​ |  | 45 | ​ |  | 45 | ​
Amounts reclassified from accumulated other comprehensive income (loss) | ​ |  | — | ​ |  | 161 | ​ |  | — | ​ |  | 161 | ​
Net other comprehensive income (loss) | ​ |  | — | ​ |  | 161 | ​ |  | 45 | ​ |  | 206 | ​
As of December 31, 2023 | ​ | $ | 2 | ​ | $ | (3,606) | ​ | $ | (7,228) | ​ | $ | (10,832) | ​
(1) | All amounts are net of tax.
​ The line items that were reclassified to net income include the following: ​ Line item in consolidated statement of income (loss) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Year Ended December 31, |
​ | ​ | ​ | ​ | 2023 |  | 2022 |  | 2021 |
​ | ​ |  |  | (In thousands) | ​
General and administrative expenses | ​ | ​ | ​ |  | 209 | ​ |  | 208 | ​ |  | 208 | ​
Total income (loss) before income tax | ​ | ​ | ​ |  | (209) | ​ |  | (208) | ​ |  | (208) | ​
Tax expense (benefit) | ​ | ​ | ​ | ​ | (48) | ​ | ​ | (48) | ​ | ​ | (48) | ​
Reclassification adjustment for (gains)/ losses included in net income (loss) | ​ | ​ | ​ | $ | (161) | ​ | $ | (160) | ​ | $ | (160) | ​
​ Supplemental cash flow information includes the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
​ |  | 2023 |  | 2022 |  | 2021 |
​ | ​ | (In thousands) |
Cash paid for income taxes (refunded), net | ​ | $ | 49,486 | ​ | $ | 29,191 | ​ | $ | 11,221 | ​
Cash paid for interest, net of capitalized interest | ​ | $ | 186,923 | ​ | $ | 189,755 | ​ | $ | 161,932 | ​
Net change in accounts payable related to capital expenditures | ​ | $ | 10,363 | ​ | $ | 8,615 | ​ | $ | 9,713 | ​
​

X
- References No definition available. + Details
Name: | nbr_SupplementalBalanceSheetAndIncomeStatementInformationAbstract
Namespace Prefix: | nbr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. + References No definition available. + Details
Name: | us-gaap_AdditionalFinancialInformationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration