Nabors industries ltd. (NBR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09Sep'08Jun'08
Revenues and other income:
Operating revenues

718,364

714,261

758,076

771,406

799,640

782,080

779,425

761,920

734,194

708,277

662,103

631,355

562,550

538,948

519,729

571,591

597,571

738,872

847,553

863,305

1,414,707

1,783,836

1,813,762

1,616,981

1,589,618

1,606,978

1,551,593

1,457,966

1,535,478

1,485,604

1,729,907

1,737,114

1,890,426

1,687,766

1,608,504

1,343,642

1,373,568

1,277,847

1,069,261

896,029

891,346

789,200

867,869

1,454,562

1,282,400

Earnings (losses) from unconsolidated affiliates

-

0

0

0

-5

0

0

-1

2

1

4

0

2

4

2

-54,769

-167,151

-45,367

-35,100

-1,116

6,502

-429

-2,851

-576

-2,445

-1,588

-2,628

1,360

2,895

13,795

-99,527

-134,317

-68,669

26,143

33,723

9,308

16,274

4,938

11,842

8,845

7,642

17,103

-8,127

7,933

-4,033

Investment income (loss)

-3,198

1,509

-1,437

469

9,677

-5,458

-1,342

-3,164

465

986

373

-886

721

260

310

270

343

180

-22

1,181

969

1,596

2,189

7,066

980

1,106

1,229

14,821

79,421

30,293

7,224

5,368

20,252

7,907

727

-975

12,280

8,239

-733

2,314

-2,557

-1,806

18,248

-22,235

25,057

Total revenues and other income

715,166

715,770

756,639

771,875

809,312

776,622

778,083

758,755

734,661

709,264

662,480

630,469

563,273

539,212

520,041

517,092

430,763

693,685

812,431

863,370

1,422,178

1,785,003

1,813,100

1,623,471

1,588,153

1,606,496

1,550,194

1,474,147

1,617,794

1,529,692

1,637,604

1,608,165

1,842,009

1,721,816

1,642,954

1,351,975

1,402,122

1,291,024

1,080,370

907,188

896,431

804,497

877,990

1,440,260

1,303,424

Costs and other deductions:
Direct costs

461,840

436,249

475,461

496,664

520,957

510,402

497,194

493,975

475,403

471,641

441,263

417,521

387,644

331,560

306,436

341,279

365,023

445,130

518,174

488,522

919,610

1,194,844

1,181,986

1,066,495

1,061,739

1,032,841

981,685

972,310

994,992

952,002

1,107,032

1,123,256

1,184,816

1,050,536

1,019,412

827,450

841,108

752,230

625,561

517,531

505,197

431,280

453,922

805,533

740,178

General and administrative expenses

57,384

62,572

63,577

64,415

68,167

56,615

66,813

67,823

74,571

59,070

65,010

63,695

63,409

52,603

56,078

56,624

62,334

61,056

72,032

75,810

115,430

93,173

138,967

133,630

134,266

89,867

127,943

131,202

130,878

127,314

130,681

133,612

136,346

129,456

119,431

122,970

115,951

95,763

87,194

80,337

75,426

81,637

163,808

122,648

116,914

Research and engineering

11,409

12,915

12,004

11,920

13,520

13,444

14,458

12,439

15,806

15,009

12,960

11,343

11,757

8,764

8,476

8,180

8,162

9,354

9,716

10,480

11,703

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

227,063

225,824

221,557

218,319

210,391

226,643

208,517

218,262

213,448

214,106

217,075

208,090

203,672

216,187

220,713

218,913

215,818

231,137

240,107

218,196

281,019

293,572

286,581

282,820

282,127

277,658

273,444

266,210

269,365

265,649

265,637

261,016

247,621

233,785

234,085

225,042

225,210

215,878

198,151

175,397

171,536

173,701

165,974

162,198

148,813

Depletion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,778

4,841

5,027

2,494

2,590

7,656

7,343

Interest expense

54,722

49,177

51,291

51,491

52,352

53,731

51,415

60,592

61,386

57,076

54,607

54,688

56,518

47,557

46,836

45,237

45,730

46,410

44,448

44,469

46,601

222,579

-43,138

-46,303

44,810

47,075

56,059

60,273

60,011

62,015

63,776

63,459

62,654

60,851

58,060

63,755

73,966

73,677

66,973

65,293

66,769

66,671

66,027

50,546

49,375

Impairments and other charges

276,434

-

3,629

102,570

-

-

13,770

69,620

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

242,241

-

-

-

-

-

-

-

98,072

-

-

-

123,099

-

-

-

227,083

0

0

Other, net

17,110

-2,818

-5,005

-7,899

-17,502

1,675

-9,137

-7,981

-14,089

14,293

-5,559

-10,104

-13,510

223,229

-10,392

-74,607

-182,404

244,399

-259,731

-1,338

55,842

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Losses (gains) on sales and disposals of long-lived assets and other expense (income), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,513

16,504

1,476

-

3,266

9,242

59,737

-305,929

10,216

160,917

-1,840

5,574

-11,607

4,348

6,159

6,440

9,407

11,024

20,367

10,516

6,689

10,875

3,158

Total costs and other deductions

1,071,742

973,827

832,524

953,278

882,889

920,216

861,304

930,692

854,703

847,145

796,474

765,441

736,510

931,941

648,931

744,840

879,471

917,655

1,144,208

838,815

1,318,521

2,695,013

1,649,159

1,545,752

1,524,418

1,503,613

1,684,638

1,439,237

1,514,983

1,391,311

1,577,342

1,742,260

1,629,597

1,580,202

1,517,453

1,243,565

1,262,394

1,066,535

1,116,163

854,423

844,322

766,299

1,086,093

1,159,456

1,065,781

Income (loss) from continuing operations before income taxes

-356,576

-258,057

-75,885

-181,403

-73,577

-143,594

-83,221

-171,937

-120,042

-137,881

-133,994

-134,972

-173,237

-392,729

-128,890

-227,748

-448,708

-223,970

-331,777

24,555

103,657

-910,010

163,941

77,719

63,735

102,883

-134,444

34,910

102,811

138,381

60,262

-134,095

212,412

141,614

125,501

108,410

139,728

224,489

-35,793

52,765

52,109

38,198

-208,103

280,804

237,643

Current

-7,203

5,142

18,117

16,504

15,862

-14,863

5,016

3,464

8,771

-147,726

8,644

14,313

22,689

-24,543

8,600

15,898

14,825

43,183

13,735

-14,402

47,349

208,707

72,371

7,577

13,658

41,971

-32,316

11,381

18,829

31,311

50,979

34,698

26,006

62,488

19,676

7,849

19,689

-36,230

-71,276

17,652

12,645

37,901

-43,425

83,501

39,759

Deferred

24,896

21,334

5,786

-5,106

13,937

36,820

5,473

19,814

14,774

124,570

-23,353

-33,809

-48,298

-37,990

-39,651

-57,081

-66,889

-106,063

-94,633

80,847

-68,054

-232,316

-10,860

3,179

350

-68,354

-12,368

-5,349

-8,975

-18,200

-55,956

-70,890

43,038

-16,165

17,885

28,924

24,737

60,026

67,046

-8,858

-4,055

-53,378

28,528

3,320

21,471

Total income tax expense (benefit)

17,693

26,476

23,903

11,398

29,799

21,957

10,489

23,278

23,545

-23,156

-14,709

-19,496

-25,609

-62,533

-31,051

-41,183

-52,064

-62,880

-80,898

66,445

-20,705

-23,609

61,511

10,756

14,008

-26,383

-44,684

6,032

9,854

13,111

-4,977

-36,192

69,044

46,323

37,561

36,773

44,426

23,796

-4,230

8,794

8,590

-15,477

-14,897

86,821

61,230

Subsidiary preferred stock dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,968

0

-1,234

-750

5,250

-750

-750

-750

-750

-750

-750

-750

-3,750

-750

750

750

-

-

-

-

-

-

-

-

Income (loss) from continuing operations, net of tax

-374,269

-284,533

-99,788

-192,801

-103,376

-165,551

-93,710

-195,215

-143,587

-114,725

-119,285

-115,476

-147,628

-330,196

-97,839

-186,565

-396,644

-161,090

-250,879

-41,890

124,362

-886,401

102,430

65,729

48,977

128,516

-90,510

28,128

92,207

124,520

64,489

-98,653

142,618

94,541

87,190

70,887

94,552

199,943

-31,563

43,971

43,519

53,675

-

-

-

Income (loss) from discontinued operations, net of tax

-93

22

157

-34

-157

-71

-13,933

-584

-75

-442

-27,134

-15,504

-439

-4,266

-12,187

-984

-926

-1,730

-45,275

5,025

-817

-4,467

4,005

-1,032

1,515

23,113

-14,430

-26,873

7,011

-95,576

12,155

24,690

-8,795

-194,146

-12,226

121,167

-12,396

-148,169

-7,591

-909

-4,421

-23,250

-

-

-

Net income (loss)

-374,362

-284,511

-99,631

-192,835

-103,533

-165,622

-107,643

-195,799

-143,662

-115,167

-146,419

-130,980

-148,067

-334,462

-110,026

-187,549

-397,570

-162,820

-296,154

-36,865

123,545

-890,868

106,435

64,697

50,492

151,629

-104,940

1,255

99,218

28,944

76,644

-73,963

133,823

-99,605

74,964

192,054

82,156

51,774

-39,154

43,062

39,098

30,425

-193,206

-

-

Less: Net (income) loss attributable to noncontrolling interest

17,465

-21,827

19,297

10,729

14,176

17,796

6,934

2,953

539

1,177

2,113

1,971

917

1,125

1,185

-2,899

724

834

-320

-44

-89

202

387

253

573

1,026

441

5,616

97

1,074

988

-1,174

-267

1,400

708

-394

-669

1,293

453

-559

-1,102

895

-220

-

-

Net income (loss) attributable to Nabors

-391,827

-262,684

-118,928

-203,564

-117,709

-183,418

-114,577

-198,752

-144,201

-116,344

-148,532

-132,951

-148,984

-335,587

-111,211

-184,650

-398,294

-163,654

-295,834

-36,821

123,634

-891,070

106,048

64,444

49,919

150,603

-105,381

-4,361

99,121

27,870

75,656

-72,789

134,090

-101,005

74,256

192,448

82,825

50,481

-39,607

43,621

40,200

29,530

-192,986

193,983

176,413

Less: Preferred stock dividend

3,652

4,309

4,310

4,312

4,313

-

4,313

3,680

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Nabors common shareholders

-395,479

-266,993

-123,238

-207,876

-122,022

-187,730

-118,890

-202,432

-144,201

-

-148,532

-132,951

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts attributable to Nabors common shareholders:
Net income (loss) from continuing operations

-395,386

-267,015

-123,395

-207,842

-121,865

-187,659

-104,957

-201,848

-144,126

-115,902

-121,398

-117,447

-148,545

-331,321

-99,024

-183,666

-397,368

-

-250,559

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) from discontinued operations

-93

22

157

-34

-157

-71

-13,933

-584

-75

-442

-27,134

-15,504

-439

-4,266

-12,187

-984

-926

-

-45,275

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Nabors common shareholders

-395,479

-266,993

-123,238

-207,876

-122,022

-187,730

-118,890

-202,432

-144,201

-

-148,532

-132,951

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Nabors

-391,827

-262,684

-118,928

-203,564

-117,709

-183,418

-114,577

-198,752

-144,201

-116,344

-148,532

-132,951

-148,984

-335,587

-111,211

-184,650

-398,294

-163,654

-295,834

-36,821

123,634

-891,070

106,048

64,444

49,919

150,603

-105,381

-4,361

99,121

27,870

75,656

-72,789

134,090

-101,005

74,256

192,448

82,825

50,481

-39,607

43,621

40,200

29,530

-192,986

193,983

176,413

Earnings (losses) per share:
Basic from continuing operations (in dollars per share)

-56.72

16.98

-0.37

-0.61

-18.11

-0.57

-0.31

-0.61

-0.46

-0.40

-0.42

-0.41

-0.52

-1.17

-0.35

-0.65

-1.41

-0.57

-0.86

-0.14

0.43

-2.99

0.34

0.21

0.16

0.42

-0.30

0.08

0.31

0.42

0.22

-0.34

0.50

0.33

0.30

0.25

0.33

0.70

-0.11

0.15

0.16

0.18

-

-

-

Basic from discontinued operations (in dollars per share)

-0.01

-

-

-

-0.02

-

-0.04

-

-

-

-0.10

-0.05

-

-

-0.04

-

-

-

-0.16

0.01

-

-

0.02

-

0.01

0.07

-0.05

-0.09

0.03

-0.32

0.04

0.09

-0.04

-0.68

-0.04

0.42

-0.04

-0.52

-0.03

0.00

-0.02

-0.08

-

-

-

Total Basic (in dollars per share)

-56.73

17.00

-0.37

-0.61

-18.13

-0.57

-0.35

-0.61

-0.46

-0.40

-0.52

-0.46

-0.52

-1.19

-0.39

-0.65

-1.41

-0.57

-1.02

-0.13

0.43

-3.02

0.36

0.21

0.17

0.49

-0.35

-0.01

0.34

0.10

0.26

-0.25

0.46

-0.35

0.26

0.67

0.29

0.18

-0.14

0.15

0.14

0.10

-0.68

0.69

0.63

Diluted from continuing operations (in dollars per share)

-56.72

16.98

-0.37

-0.61

-18.11

-0.57

-0.31

-0.61

-0.46

-0.40

-0.42

-0.41

-0.52

-1.17

-0.35

-0.65

-1.41

-0.57

-0.86

-0.14

0.43

-2.99

0.34

0.21

0.16

0.42

-0.30

0.08

0.31

0.42

0.22

-0.34

0.49

0.31

0.30

0.24

0.33

0.68

-0.11

0.15

0.16

0.18

-

-

-

Diluted from discontinued operations (in dollars per share)

-0.01

-

-

-

-0.02

-

-0.04

-

-

-

-0.10

-0.05

-

-

-0.04

-

-

0.01

-0.16

0.01

-0.01

-

0.01

-

-

0.08

-0.05

-0.09

0.02

-0.33

0.04

0.09

-0.03

-0.64

-0.05

0.41

-0.05

-0.50

-0.03

0.00

-0.02

-0.08

-

-

-

Total Diluted (in dollars per share)

-56.73

17.00

-0.37

-0.61

-18.13

-0.57

-0.35

-0.61

-0.46

-0.40

-0.52

-0.46

-0.52

-1.19

-0.39

-0.65

-1.41

-0.56

-1.02

-0.13

0.42

-3.00

0.35

0.21

0.16

0.50

-0.35

-0.01

0.33

0.09

0.26

-0.25

0.46

-0.33

0.25

0.65

0.28

0.18

-0.14

0.15

0.14

0.10

-0.68

0.67

0.60

Weighted-average number of common shares outstanding:
Basic (in shares)

7,051

695,884

352,026

351,543

7,015

350,234

350,194

328,372

308,788

286,602

279,313

278,916

277,781

276,792

276,707

276,550

275,851

1,131,072

284

286

285

275,961

292,621

297,984

296,210

295,218

295,076

294,747

291,687

290,644

290,367

290,311

288,538

574,583

287,487

287

286,114

285,445

285,282

285,181

284,672

283,197

283,154

282,389

280,851

Diluted (in shares)

7,051

695,884

352,026

351,543

7,015

350,234

350,194

328,372

308,788

286,602

279,313

278,916

277,781

276,792

276,707

276,550

275,851

1,131,071

284

286

286

267,740

295,005

300,981

299,050

300,003

295,076

297,119

294,170

294,771

292,501

290,311

291,709

584,966

291,986

294

292,689

294,170

285,282

289,796

290,736

287,407

283,154

289,149

294,487

Dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

0.06

0.06

-

0.06

0.06

0.06

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-