NABORS INDUSTRIES LTD. NBR Cash Flow

Nabors industries ltd. (NBR)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income (loss)
-951,339	-680,510	-561,621	-569,633	-572,597	-612,726	-562,271	-601,047	-536,228	-540,633	-759,928	-723,535	-780,104	-1,029,607	-857,965	-1,044,093	-893,409	-372,294	-1,100,342	-697,753	-596,191	-669,244	373,253	161,878	98,436	147,162	24,024	204,620	130,576	165,448	35,952	34,552	299,789	248,524	400,010	286,147	137,320	94,695	0	0	0
Adjustments to net income (loss):
Depreciation and amortization
892,769	876,103	876,948	864,444	864,898	868,509	856,507	865,149	855,083	845,439	847,528	851,204	861,991	874,296	888,940	908,397	908,968	973,318	1,036,513	1,082,936	1,146,979	1,148,309	1,132,558	1,122,562	1,108,667	1,099,741	1,098,262	1,090,646	1,081,519	1,055,757	1,019,033	984,222	949,050	927,460	905,940	870,030	820,316	766,519	0	0	0
Accretion, depletion and other exploratory expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,551	34,364	30,397	36,512	27,002	0	0	0
Deferred income tax expense (benefit)
46,848	35,894	49,980	46,462	71,167	71,579	160,233	126,311	71,926	9,096	-153,230	-165,243	-187,850	-206,670	-270,807	-332,905	-201,811	-203,145	-336,058	-238,328	-309,269	-240,195	-76,630	-79,385	-97,455	-103,277	-82,161	-137,058	-175,915	-131,742	-155,061	-75,091	5,498	-12,379	63,908	115,423	79,590	55,964	0	0	0
Amortization of loss on hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,017	959	872	786	0	0	0
Impairments and other charges
479,101	213,404	0	0	0	-	-	-	-	-	-	-	-	236,745	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount and deferred financing costs
31,354	30,931	33,099	33,407	32,641	32,213	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs amortization
-	-	-	-	-	-	-	-	-	-	0	0	4,991	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,107	5,671	5,794	5,680	5,431	0	0	0
Pension liability amortization and adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	816	765	714	664	0	0	0
Discount amortization on long-term debt
-	-	-	-	-	-	-	-	-	-	0	0	6,011	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,042	43,447	60,036	68,734	70,719	0	0	0
Losses (gains) on debt buyback
24,543	11,468	0	0	0	-	-	-	-	-16,005	-16,047	-15,306	-7,958	6,665	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-58	-67	-4,296	-7,042	0	0	0
Losses (gains) on long-lived assets, net
-38,104	-40,346	-29,763	-100,597	-97,117	-95,741	-83,272	-24,695	-18,446	-19,064	-81,636	-77,453	-85,376	-85,064	-63,744	-68,348	-65,169	-63,338	-378,378	-340,794	-350,325	-353,110	0	0	0	-	-	-	-	-	-	-	-	51,945	38,444	46,175	3,074	1,050	0	0	0
Losses (gains) on investments, net
-11,970	1,257	-4,597	-3,320	-5,784	-14,195	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	5,580	5,775	5,402	12,832	91,480	119,787	126,665	116,257	56,925	31,692	25,125	20,727	12,486	13,035	10,754	14,001	-191	0	0	0
Provision (recovery) of bad debt
31,462	20,626	4,232	4,204	4,266	1,285	1,207	44	-379	3,083	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments on equity method holdings
-	-	-	-	-	-	-	-	-	-	-	-	-	-216,242	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses (gains) on merger and acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,382	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
25,394	24,660	25,514	25,828	26,192	26,396	27,210	28,583	30,244	31,896	32,987	33,449	34,906	32,000	32,359	33,807	40,996	47,313	48,073	47,991	40,196	37,190	35,498	33,732	31,087	53,255	50,669	48,352	46,711	18,312	17,536	21,921	21,753	21,244	20,393	28,900	21,152	13,746	0	0	0
Foreign currency transaction losses (gains), net
-11,769	-20,876	-15,046	-7,879	-10,261	-4,235	-7,746	-5,393	-3,249	-1,604	-1,481	-1,142	-2,333	-5,669	-8,354	-17,447	-16,439	-9,881	-5,048	571	-1,969	-1,021	-2,620	42	1,384	-6,225	-6,786	-9,845	-9,570	-4,819	-10,036	-7,395	-5,699	-5,725	-1,828	-3,476	-8,195	-17,880	0	0	0
Noncontrolling interest
-25,664	-22,375	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses (gains) on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-265	-1,229	-1,784	-2,471	0	0	0
Equity in (earnings) losses from unconsolidated affiliates, net of dividends
-	-	-	-	-	-	-	-	-	7	10	8	-54,761	-221,914	-267,284	-302,386	-257,163	-84,275	-42,484	-7,890	1,080	-7,102	-5,590	-7,712	-6,141	-800	4,058	-92,841	-228,153	-299,717	-277,167	-143,918	78,745	161,189	134,980	105,373	23,745	13,630	0	0	0
Other
-643	-667	-670	-4,203	-766	-720	-5,793	-162	-1,553	-636	2,094	931	-4,204	-4,527	4,607	1,366	3,789	-627	-9,421	-698	-2,316	762	11,466	16,084	21,647	9,730	6,154	1,636	-8,448	-1,241	0	0	0	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable
-245,763	-276,685	-151,975	-44,270	17,191	66,486	122,781	166,064	183,557	168,436	129,365	91,345	-68,606	-253,940	-334,759	-336,034	-450,681	-529,151	-552,125	-370,268	-174,665	126,883	252,154	115,206	40,166	44,561	-131,996	-257,074	-276,834	-200,537	129,400	410,903	475,579	459,455	392,215	289,895	362,729	249,725	0	0	0
Inventory
19,431	18,695	34,003	19,642	6,831	13,981	4,355	20,472	19,978	17,444	-11,420	-31,300	-33,289	-40,647	-29,029	-21,311	-25,398	-23,852	20,928	51,012	79,367	65,398	15,795	-18,896	-48,392	-39,412	-23,767	-21,704	-12,064	-14,447	27,083	68,453	71,793	114,896	84,335	47,700	52,350	15,201	0	0	0
Other current assets
-3,991	-5,157	-28,131	-44,897	-22,628	-31,770	-45,209	-46,118	-49,843	-16,518	-745	-36,376	-45,830	-37,904	81,541	120,782	-2,594	-34,390	-190,036	-298,505	-126,565	-118,162	-61,734	35,321	-31,628	6,943	-9,915	19,239	69,381	42,743	69,283	72,777	36,565	24,820	-121,565	-11,367	3,756	-6,589	0	0	0
Other long-term assets
-39,059	-13,106	39,143	45,761	18,201	-11,717	-6,277	-17,976	-19,489	-28,772	-35,853	3,567	-2,178	-98	291,420	250,072	12,582	27,461	-224,316	-214,502	33,415	30,475	-16,654	-27,346	-27,340	-42,298	-22,710	19,341	29,855	38,468	34,646	-17,017	-31,822	-71,867	-86,787	-80,817	-56,254	-7,509	0	0	0
Trade accounts payable and accrued liabilities
-124,140	-142,857	-45,918	-115,361	-29,180	-76,561	-102,425	-18,581	-25,187	79,204	29,182	-375	-98,102	-180,200	-54,048	-36,266	-411,486	-566,042	-600,659	-423,151	21,065	267,907	271,080	132,752	148,209	113,550	7,728	-92,156	-168,730	-224,795	-33,674	187,045	355,941	519,211	361,491	293,181	157,804	70,463	0	0	0
Income taxes payable
-6,489	-4,857	-14,763	-12,392	-36,668	-41,939	-28,696	-20,336	-2,282	14,811	-4,290	-6,471	-29,613	-46,576	16,580	145	-25,641	-1,680	-46,965	-23,255	-6,150	-57,113	-28,810	-65,988	-69,115	-31,752	-65,910	2,825	2,449	-1,488	12,041	-18,785	7,293	999	-63,132	-22,949	-16,729	-19,208	0	0	0
Other long-term liabilities
-32,760	8,117	75,547	53,720	-1,309	-60,682	-250,730	-271,633	-316,379	-341,417	-162,090	-94,000	-73,754	-10,203	241,614	210,929	-3,817	-6,776	-92,186	-83,973	200,920	381,623	193,533	132,918	110,066	-109,085	-119,732	-21,917	-7,101	29,857	58,636	-17,487	-26,987	-27,967	-12,161	-5,602	-2,087	-2,804	0	0	0
Net cash provided by (used for) operating activities
673,866	684,558	679,682	521,501	477,310	325,773	175,784	149,643	39,064	62,756	91,028	185,703	312,408	531,905	656,313	675,824	710,892	856,556	1,142,578	1,453,278	1,644,518	1,781,911	1,687,852	1,598,852	1,683,491	1,418,223	1,443,375	1,516,176	1,497,817	1,562,705	1,442,398	1,298,522	1,409,746	1,456,487	1,532,984	1,506,977	1,174,761	1,106,984	0	0	0
Cash flows from investing activities:
Purchases of investments
-	4,323	5,008	4,572	4,221	676	676	2,909	7,394	6,722	0	0	0	-	-	-	-	-	-	-	-	319	0	0	0	-	-	-	-	949	3,128	4,596	6,667	11,746	16,019	14,104	35,633	34,147	0	0	0
Sales and maturities of investments
19,550	18,849	15,791	13,604	4,273	4,287	3,498	3,242	14,126	13,069	12,629	12,801	789	739	745	583	379	961	1,271	1,499	23,882	23,992	24,146	24,587	22,907	164,510	165,777	169,588	150,802	31,944	44,594	43,958	59,012	39,063	27,090	27,238	25,633	34,613	0	0	0
Cash paid for acquisition of businesses, net of cash acquired
-	2,929	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72,534	89,655	89,655	89,655	116,971	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-
Investment in unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	445	749	1,198	1,555	2,365	2,061	3,652	7,210	5,967	0	0	0	-	-	-	-	112,262	54,762	59,762	58,941	40,936	0	0	0
Capital expenditures
346,101	427,741	486,564	523,946	505,982	458,938	464,571	468,169	485,066	574,467	559,369	517,990	449,007	395,455	408,009	493,668	632,747	867,106	1,221,140	1,525,307	1,789,084	1,821,315	1,741,716	1,540,517	1,339,131	1,178,205	1,077,570	1,051,135	1,280,480	1,518,628	1,731,789	2,007,233	2,157,730	2,042,617	1,821,921	1,564,067	1,138,111	930,277	0	0	0
Proceeds from sales of assets and insurance claims
64,468	60,288	48,797	43,683	108,664	109,098	111,794	116,409	57,756	57,933	41,039	39,793	32,636	34,831	64,639	57,250	64,657	68,206	57,100	112,208	144,153	156,761	299,109	348,150	323,538	308,538	160,623	62,609	135,085	149,801	198,455	195,414	196,388	180,558	115,523	115,572	27,881	31,072	0	0	0
Proceeds from merger transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	650,050	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-4,397	-	638	690	5,068	-1,081	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used for) provided by investing activities
-262,185	-355,856	-450,772	-495,019	-421,054	-367,088	-286,872	-339,108	-408,153	-497,868	-585,446	-492,225	-433,555	-382,187	-365,566	-468,804	-696,375	-227,449	-629,217	-871,611	-990,940	-1,716,909	-1,511,793	-1,256,345	-1,077,210	-815,468	-626,456	-695,473	-874,075	-1,179,628	-1,549,368	-1,886,639	-1,914,734	-1,859,479	-1,715,964	-2,109,546	-1,912,801	-1,673,305	0	0	0
Cash flows from financing activities:
Increase (decrease) in cash overdrafts
0	-	-	-	-	-	-	-	-	-	0	0	-2,108	-	287	629	3,304	645	-1,921	-2,458	-5,346	-6,151	-791	882	-4,268	-4,421	-4,137	-5,014	1,906	1,612	-447	-6,888	-3,459	6,375	3,425	11,035	4,604	-6,298	0	0	0
Proceeds from issuance of long-term debt
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt
-	-	-	-	-	800,000	800,000	800,000	800,000	411,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduction in long-term debt
1,480,225	455,360	482,669	779,407	460,981	878,278	773,801	464,668	672,160	381,814	383,802	723,550	516,058	493,612	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	276,258	276,242	1,269	1,399,793	1,404,281	1,488,432	1,529,156	297,243	398,514	0	0	0
Debt issuance costs
17,469	1,767	8,063	8,336	8,384	21,277	13,266	12,996	13,532	11,043	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facilities
1,665,000	1,050,000	1,205,000	1,300,000	700,000	1,135,000	0	0	0	-	-	-	-	611,500	0	0	0	-	-	-	-	465,000	0	0	0	-	-	-	-	710,000	0	0	0	-	-	-	-	-	-	-	-
Reduction in revolving credit facilities
-1,465,000	-865,000	-965,000	-820,000	-845,000	-1,475,000	0	0	0	-	-	-	-	-611,500	-260,000	-260,000	-270,000	-450,000	-750,932	-755,932	-548,432	-230,932	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (payments for) short-term borrowings
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to shareholders
-	-	-	-	-	-	-	-	-	-	-	0	51,042	-	50,801	51,305	68,815	69,363	69,853	70,333	64,722	59,145	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (payment for) commercial paper
-	-	-	-	-	-40,000	0	0	0	-	-	-	-	-8,000	-347,575	-318,152	-241,179	-525,119	-400,799	-116,420	-39,746	203,275	439,124	146,072	303,141	329,844	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common and preferred shares
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash proceeds (payments) from equity component of exchangeable debt
-	-	-	-	-	-	-	-	-	159,952	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of capped call hedge transactions
-	-	-	-	-	-	-	-	-	40,250	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from term loan
-	-	-	-	-	800,000	800,000	800,000	800,000	411,200	0	0	0	-	-	-	-	625,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on term loan
-	-	-	-	-	-	-	-	-	162,500	0	0	0	-	-	-	-	300,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from short-term borrowings
-	-	-	-	-	380	0	0	-365	-	-351	-51	-5,567	-6,211	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common shares, net of issuance costs
-	-	-	-	-	-	-	-	-	8,300	0	0	0	-	-	-	-	1,296	1,221	2,414	25,514	30,263	31,248	31,230	9,287	5,383	4,757	4,641	2,722	-3,625	-4,577	-5,083	-3,139	11,605	14,985	15,090	14,807	8,201	0	0	0
Repurchase of common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	1,687	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to common and preferred shareholders
31,755	49,583	67,400	84,603	95,715	87,098	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-4,803	-4,750	-6,801	-7,561	-8,160	-8,912	-4,257	-4,243	-5,303	-8,399	-8,280	-8,293	-6,880	-4,729	-4,546	-4,621	-6,408	-7,767	-11,503	-11,673	-4,514	-11,550	2,219	2,424	-6,276	6,704	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of equity component of convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12	-14	-2,115	-4,712	0	0	0
Settlement of call options and warrants, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,134	0	0	0
Purchase of restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,610	2,575	2,409	1,935	0	0	0
Tax (expense) benefit related to share-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	254	118	97	31	0	0	0
Net cash (used for) provided by financing activities
-353,457	-331,573	-173,511	-244,927	13,049	155,629	275,801	593,665	541,278	512,180	508,917	270,647	122,227	-138,216	-360,122	-389,179	-381,977	-849,941	-635,875	-534,270	-373,158	69,848	-150,130	-431,232	-829,605	-729,586	-886,940	-627,091	-406,110	-254,127	307,048	388,886	293,710	163,245	-182,667	374,658	400,822	280,254	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-5,599	-6,171	-4,364	-3,594	-7,187	-5,263	-5,600	-4,658	-2,737	-29	-623	-990	-1,130	-2,003	-4,948	-20,764	-17,867	-25,785	-30,573	-21,680	-21,300	-23,616	-17,399	-8,445	-14,683	-8,176	-5,618	-5,882	-6,766	-2,603	-3,977	-9,193	-4,436	-3,380	1,425	9,140	4,345	-46	0	0	0
Net increase (decrease) in cash and cash equivalents and restricted cash
52,625	-9,042	51,035	-222,039	62,118	109,051	159,113	399,542	169,452	77,039	13,876	-36,865	-50	9,499	-74,323	-202,923	-385,327	-246,619	-153,087	25,717	259,120	111,234	8,530	-97,170	-238,007	-135,007	-75,639	187,730	210,866	126,347	196,101	-208,424	-215,714	-243,127	-364,222	-218,771	-332,873	-286,113	0	0	0
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
Payments for hedge transactions
-	-	-	-	-	-	-	-	-	40,250	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-