NABORS INDUSTRIES LTD. NBR Income Statement

Nabors industries ltd. (NBR)

Income statement / 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	Sep'09	Jun'09	Sep'08	Jun'08
Revenues and other income:
Operating revenues
2,962	3,043	3,111	3,132	3,123	3,057	2,983	2,866	2,735	2,564	2,394	2,252	2,192	2,227	2,427	2,755	3,047	3,864	4,909	5,875	6,629	6,804	6,627	6,365	6,206	6,152	6,030	6,208	6,488	6,843	7,045	6,923	6,530	6,013	5,603	5,064	4,616	4,134	3,645	3,444	0	0	0	0	0
Earnings (losses) from unconsolidated affiliates
-	-0	-0	-0	-0	0	0	0	0	0	0	0	-54	-221	-267	-302	-248	-75	-30	2	2	-6	-7	-7	-5	0	15	-81	-217	-288	-276	-143	0	85	64	42	41	33	45	25	0	0	0	0	0
Investment income (loss)
-2	10	3	3	-0	-9	-3	-1	0	1	0	0	1	1	1	0	1	2	3	5	11	11	11	10	18	96	125	131	122	63	40	34	27	19	20	18	22	7	-2	16	0	0	0	0	0
Total revenues and other income
2,959	3,053	3,114	3,135	3,122	3,048	2,980	2,865	2,736	2,565	2,395	2,252	2,139	2,007	2,161	2,453	2,800	3,791	4,882	5,883	6,643	6,809	6,631	6,368	6,218	6,248	6,171	6,259	6,393	6,617	6,809	6,814	6,558	6,118	5,688	5,125	4,680	4,175	3,688	3,486	0	0	0	0	0
Costs and other deductions:
Direct costs
1,870	1,929	2,003	2,025	2,022	1,976	1,938	1,882	1,805	1,718	1,577	1,443	1,366	1,344	1,457	1,669	1,816	2,371	3,121	3,784	4,362	4,505	4,343	4,142	4,048	3,981	3,900	4,026	4,177	4,367	4,465	4,378	4,082	3,738	3,440	3,046	2,736	2,400	2,079	1,907	0	0	0	0	0
General and administrative expenses
247	258	252	256	259	265	268	266	262	251	244	235	228	227	236	252	271	324	356	423	481	500	496	485	483	479	517	520	522	527	530	518	508	487	454	421	379	338	324	401	0	0	0	0	0
Research and engineering
48	50	50	53	53	56	57	56	55	51	44	40	37	33	34	35	37	41	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
892	876	876	863	863	866	854	862	852	842	845	848	859	871	886	905	905	970	1,032	1,079	1,143	1,145	1,129	1,116	1,099	1,086	1,074	1,066	1,061	1,039	1,008	976	940	918	900	864	814	760	718	686	0	0	0	0	0
Depletion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0
Interest expense
206	204	208	208	218	227	230	233	227	222	213	205	196	185	184	181	181	181	358	270	179	177	2	101	208	223	238	246	249	251	250	245	245	256	269	278	279	272	265	264	0	0	0	0	0
Impairments and other charges
0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	0	0
Other, net
1	-33	-28	-32	-32	-29	-16	-13	-15	-14	194	189	124	-44	-23	-272	-199	39	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses (gains) on sales and disposals of long-lived assets and other expense (income), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-233	-226	-75	-136	174	153	-3	4	5	26	33	47	51	48	0	0	0	0	0
Total costs and other deductions
3,831	3,642	3,588	3,617	3,595	3,566	3,493	3,429	3,263	3,145	3,230	3,082	3,062	3,205	3,190	3,686	3,780	4,219	5,996	6,501	7,208	7,414	6,222	6,258	6,151	6,142	6,030	5,922	6,225	6,340	6,529	6,469	5,970	5,603	5,089	4,688	4,299	3,881	3,581	3,551	0	0	0	0	0
Income (loss) from continuing operations before income taxes
-871	-588	-474	-481	-472	-518	-513	-563	-526	-580	-834	-829	-922	-1,198	-1,029	-1,232	-979	-427	-1,113	-617	-564	-604	408	109	67	106	141	336	167	276	280	345	587	515	598	436	381	293	107	-65	0	0	0	0	0
Current
32	55	35	22	9	2	-130	-126	-115	-102	21	21	22	14	82	87	57	89	255	314	336	302	135	30	34	39	29	112	135	142	174	142	116	109	10	-79	-70	-77	-3	24	0	0	0	0	0
Deferred
46	35	51	51	76	76	164	135	82	19	-143	-159	-183	-201	-269	-324	-186	-187	-314	-230	-308	-239	-75	-77	-85	-95	-44	-88	-154	-102	-99	-26	73	55	131	180	142	114	0	-37	0	0	0	0	0
Total income tax expense (benefit)
79	91	87	73	85	79	34	8	-33	-82	-122	-138	-160	-186	-187	-237	-129	-98	-58	83	27	62	59	-46	-51	-55	-15	24	-18	40	74	116	189	165	142	100	72	36	-2	-12	0	0	0	0	0
Subsidiary preferred stock dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	3	2	3	3	-3	-3	-3	-3	-6	-6	-4	-3	0	0	0	-	-	-	-	-	-	-	-
Income (loss) from continuing operations, net of tax
-951	-680	-561	-555	-557	-598	-547	-572	-493	-497	-712	-691	-762	-1,011	-842	-995	-850	-329	-1,054	-701	-593	-669	345	152	115	158	154	309	182	232	202	225	395	347	452	333	306	255	109	0	0	0	-	-	-
Income (loss) from discontinued operations, net of tax
0	-0	-0	-14	-14	-14	-15	-28	-43	-43	-47	-32	-17	-18	-15	-48	-42	-42	-45	3	-2	0	27	9	-16	-11	-129	-103	-51	-67	-166	-190	-94	-97	-51	-46	-169	-161	-36	0	0	0	-	-	-
Net income (loss)
-951	-680	-561	-569	-572	-612	-562	-601	-536	-540	-759	-723	-780	-1,029	-857	-1,044	-893	-372	-1,100	-697	-596	-669	373	161	98	147	24	206	130	165	36	35	301	249	400	286	137	94	73	-80	0	0	0	-	-
Less: Net (income) loss attributable to noncontrolling interest
25	22	61	49	41	28	11	6	5	6	6	5	0	0	-0	-1	1	0	-0	0	0	1	2	2	7	7	7	7	0	0	0	0	1	1	0	0	0	0	-0	-0	0	0	0	-	-
Net income (loss) attributable to Nabors
-977	-702	-623	-619	-614	-640	-573	-607	-542	-546	-766	-728	-780	-1,029	-857	-1,042	-894	-372	-1,100	-698	-596	-670	371	159	90	139	17	198	129	164	35	34	299	248	400	286	137	94	73	-79	0	0	0	0	0
Less: Preferred stock dividend
16	17	17	16	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to Nabors common shareholders
-993	-720	-640	-636	-631	-653	-614	-628	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts attributable to Nabors common shareholders:
Net income (loss) from continuing operations
-993	-720	-640	-622	-616	-638	-566	-583	-498	-503	-718	-696	-762	-1,011	-930	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from discontinued operations
0	-0	-0	-14	-14	-14	-15	-28	-43	-43	-47	-32	-17	-18	-59	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to Nabors common shareholders
-993	-720	-640	-636	-631	-653	-614	-628	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to Nabors
-977	-702	-623	-619	-614	-640	-573	-607	-542	-546	-766	-728	-780	-1,029	-857	-1,042	-894	-372	-1,100	-698	-596	-670	371	159	90	139	17	198	129	164	35	34	299	248	400	286	137	94	73	-79	0	0	0	0	0
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	695	352	351	7	350	350	328	308	286	279	278	277	276	276	276	275	1,131	0	0	0	275	292	297	296	295	295	294	291	290	290	290	288	574	287	0	286	285	285	285	284	283	283	282	280
Diluted (in shares)
7	695	352	351	7	350	350	328	308	286	279	278	277	276	276	276	275	1,131	0	0	0	267	295	300	299	300	295	297	294	294	292	290	291	584	291	0	292	294	285	289	290	287	283	289	294
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	0.06	0.06	-	0.06	0.06	0.06	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-