Nabors industries ltd. (NBR)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Cash flows from operating activities:
Net income (loss)

-680,510

-612,726

-540,633

-1,029,607

-372,294

-669,244

147,162

165,448

248,524

94,695

-85,546

475,737

865,702

Adjustments to net income (loss):
Depreciation and amortization

876,103

868,509

845,439

874,296

973,318

1,148,309

1,099,741

1,055,757

927,460

766,519

668,415

614,367

474,016

Accretion, depletion and other exploratory expenses

-

-

-

-

-

-

22,270

2,573

44,551

27,002

11,078

25,442

31,165

Deferred income tax expense (benefit)

35,894

71,579

9,096

-206,670

-203,145

-240,195

-103,277

-131,742

-12,379

55,964

-218,760

17,315

-62,893

Amortization of loss on hedges

-

-

-

-

-

-

-

-

-

786

580

548

551

Impairments and other charges

213,404

62,578

42,188

236,745

129,341

650,199

53,905

311,541

460,971

260,931

339,129

176,123

41,017

Amortization of debt discount and deferred financing costs

30,931

32,213

27,583

6,455

-

-

-

-

-

-

-

-

-

Deferred financing costs amortization

-

-

-

-

5,290

4,231

4,255

4,294

5,107

5,431

6,133

7,661

8,352

Pension liability amortization and adjustments

-

-

-

-

-

-

-

-

-

664

844

160

277

Discount amortization on long-term debt

-

-

-

-

1,969

3,131

2,137

1,908

27,042

70,719

86,802

123,739

127,887

Losses (gains) on debt buyback

11,468

-5,268

-16,005

6,665

-

-5,576

-

-

-

-

-

-

-

Loss on debt extinguishment

-

-

-

-

-

-

-211,981

-

-

-7,042

11,197

12,248

0

Losses (gains) on long-lived assets, net

-40,346

-95,741

-19,064

-85,064

-63,338

-353,110

-18,060

51,585

51,945

1,050

-12,339

-9,644

4,318

Losses (gains) on investments, net

1,257

-14,195

-972

-

-

5,580

91,480

56,925

12,486

-191

9,954

-18,736

61,395

Provision (recovery) of bad debt

20,626

1,285

3,083

-3,540

-

-

-

-

-

-

-

-

-

Impairments on equity method holdings

-

-

-

-216,242

-180,591

-

-

-

-

-

-

-

-

Losses (gains) on merger and acquisitions

-

-

-

-

49,382

-

-

-

-

-

-

-

-

Share-based compensation

24,660

26,396

31,896

32,000

47,313

37,190

53,255

18,312

21,244

13,746

106,725

-45,401

30,176

Foreign currency transaction losses (gains), net

-20,876

-4,235

-1,604

-5,669

-9,881

-1,021

-6,225

-4,819

-5,725

-17,880

-8,372

2,718

-3,223

Noncontrolling interest

-22,375

-28,222

-6,178

-135

-

-

-

-

-

-

-

-

-

Gain on disposition of Sea Mar business

-

-

-

-

-

-

-

-

-

-

-

-

-49,500

Losses (gains) on derivative instruments

-

-

-

-

-

-

-

-

-

-2,471

-338

-4,783

1,347

Equity in (earnings) losses from unconsolidated affiliates, net of dividends

-5

-164

7

-221,914

-84,275

-7,102

-800

-299,717

161,189

13,630

-229,813

-236,763

-5,136

Other

-667

-720

-636

-4,527

-627

762

9,730

-1,241

11,077

-

-

-

-

Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable

-276,685

66,486

168,436

-253,940

-529,151

126,883

44,561

-200,537

459,455

249,725

-450,530

157,697

93,490

Inventory

18,695

13,981

17,444

-40,647

-23,852

65,398

-39,412

-14,447

114,896

15,201

-52,995

26,774

-28,668

Other current assets

-5,157

-31,770

-16,518

-37,904

-34,390

-118,162

6,943

42,743

24,820

-6,589

-205,108

81,764

-47,959

Other long-term assets

-13,106

-11,717

-28,772

-98

27,461

30,475

-42,298

38,468

-71,867

-7,509

22,233

85,231

-117,237

Trade accounts payable and accrued liabilities

-142,857

-76,561

79,204

-180,200

-566,042

267,907

113,550

-224,795

519,211

70,463

-146,470

38,129

4,501

Income taxes payable

-4,857

-41,939

14,811

-46,576

-1,680

-57,113

-31,752

-1,488

999

-19,208

-62,535

24,043

-80,692

Other long-term liabilities

8,117

-60,682

-341,417

-10,203

-6,776

381,623

-109,085

29,857

-27,967

-2,804

-5,534

10,665

46,023

Net cash provided by (used for) operating activities

684,558

325,773

62,756

531,905

856,556

1,781,911

1,418,223

1,562,705

1,456,487

1,106,984

1,616,972

1,462,824

1,394,909

Cash flows from investing activities:
Purchases of investments

4,323

676

6,722

24

9

319

-

949

11,746

34,147

32,674

269,983

378,318

Sales and maturities of investments

18,849

4,287

13,069

739

961

23,992

164,510

31,944

39,063

34,613

57,033

521,613

860,385

Proceeds from sales of unconsolidated affiliates

-

-

-

-

-

750

12,640

159,529

142,984

-

-

-

-

Cash paid for acquisition of businesses, net of cash acquired

2,929

20,859

-12,319

22,278

80,187

72,534

116,971

-

55,459

733,630

-

287

8,391

Investment in unconsolidated affiliates

-

-

-

-

445

2,365

5,967

1,325

112,262

40,936

125,076

271,309

278,100

Capital expenditures

427,741

458,938

574,467

395,455

867,106

1,821,315

1,178,205

1,518,628

2,042,617

930,277

1,093,435

1,506,979

2,039,180

Proceeds from sales of assets and insurance claims

60,288

109,098

57,933

34,831

68,206

156,761

308,538

149,801

180,558

31,072

31,375

69,842

162,055

Proceeds from merger transaction

-

-

-

-

650,050

-

-

-

-

-

-

-

-

Other

-

-

-

-

-1,081

1,879

13

-

-

-

-

-

-

Proceeds from sale of Sea Mar business

-

-

-

-

-

-

-

-

-

-

-

-

194,332

Net cash (used for) provided by investing activities

-355,856

-367,088

-497,868

-382,187

-227,449

-1,716,909

-815,468

-1,179,628

-1,859,479

-1,673,305

-1,162,777

-1,457,103

-1,487,217

Cash flows from financing activities:
Increase (decrease) in cash overdrafts

-

-

-

-

645

-6,151

-4,421

1,612

6,375

-6,298

-18,157

23,858

-38,416

Proceeds from issuance of long-term debt

-

800,000

411,200

600,000

-

-

698,753

-

697,578

696,948

1,124,978

962,901

0

Purchase of preferred stock

-

-

-

-

-

70,875

-

-

-

-

-

-

-

Reduction in long-term debt

455,360

878,278

381,814

493,612

27,478

46,800

994,181

276,258

1,404,281

398,514

1,081,801

836,511

0

Debt issuance costs

1,767

21,277

11,043

11,520

1,847

-

4,500

3,433

7,141

8,934

8,832

7,324

0

Proceeds from revolving credit facilities

1,050,000

1,135,000

725,000

611,500

3,972

465,000

-

710,000

1,560,000

600,000

-

-

-

Reduction in revolving credit facilities

-865,000

-1,475,000

-215,000

-611,500

-450,000

-230,932

-720,000

680,000

700,000

600,000

-

-

-

Dividends to shareholders

-

-

-

-

69,363

59,145

47,168

-

-

-

-

-

-

Proceeds from (payment for) commercial paper

-

-40,000

40,000

-8,000

-525,119

203,275

329,844

-

-

-

-

-

-

Cash proceeds (payments) from equity component of exchangeable debt

-

-

159,952

-

-

-

-

-

-

-

-

-

-

Purchase of capped call hedge transactions

-

-

40,250

-

-

-

-

-

-

5,667

-

-

-

Proceeds from term loan

-

800,000

411,200

600,000

625,000

-

698,753

-

697,578

696,948

1,124,978

962,901

0

Payments on term loan

-

-

162,500

162,500

300,000

-

-

-

-

-

-

-

-

Proceeds from short-term borrowings

-

380

-

-6,211

318

-

-

-

-

-

-

-

-

Payments for short-term borrowings

561

-

543

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common shares, net of issuance costs

-

301,404

8,300

967

1,296

30,263

5,383

-3,625

11,605

8,201

11,249

56,630

61,620

Proceeds from issuance of preferred stock, net of issuance costs

-

277,927

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common shares

-

-

18,071

1,687

99,598

250,037

-

-

-

-

-

281,101

102,451

Dividends to common and preferred shareholders

49,583

87,098

68,503

50,924

-

-

-

-

-

-

-

-

-

Redeemable noncontrolling interest contribution

-

156,935

61,123

-

-

-

-

-

-

-

-

-

-

Noncontrolling interest contribution

-

-

20,000

-

3,972

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest

4,552

5,452

7,272

-

-

-

-

-

-

-

-

-

-

Other

-4,750

-8,912

-8,399

-4,729

-7,767

-11,550

6,704

-2,423

-891

-

-

-

-

Repurchase of equity component of convertible debt

-

-

-

-

-

-

-

-

-

-4,712

-6,586

-

0

Settlement of call options and warrants, net

-

-

-

-

-

-

-

-

-

1,134

-

-

-

Purchase of restricted stock

-

-

-

-

-

-

-

-

-

1,935

1,515

13,061

1,811

Tax (expense) benefit related to share-based awards

-

-

-

-

-

-

-

-

-

31

37

5,369

2,159

Net cash (used for) provided by financing activities

-331,573

155,629

512,180

-138,216

-849,941

69,848

-729,586

-254,127

163,245

280,254

19,373

-89,239

-78,899

Effect of exchange rate changes on cash and cash equivalents

-6,171

-5,263

-29

-2,003

-25,785

-23,616

-8,176

-2,603

-3,380

-46

12,160

-5,701

1,964

Net increase (decrease) in cash and cash equivalents and restricted cash

-9,042

109,051

77,039

9,499

-246,619

111,234

-135,007

126,347

-243,127

-286,113

485,728

-89,219

-169,243

RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
Payments for hedge transactions

-

-

40,250

-

-

-

-

-

-

5,667

-

-

-