$NBR
NABORS INDUSTRIES LTD Stock $nbr

$nbr Overview Financials Valuation SEC Filings Company Website

2013 Q1 Form 10-Q Financial Statement

#000110465913036071 Filed on May 02, 2013

Income Statement

Concept	2013 Q1	2012 Q1
Revenue	$1.535B	$1.911B
YoY Change	-19.64%	37.88%
Cost Of Revenue	$995.0M	$1.156B
YoY Change	-13.91%	37.41%
Gross Profit	$540.5M	$725.9M
YoY Change	-25.54%	33.27%
Gross Profit Margin	35.2%	37.99%
Selling, General & Admin	$130.9M	$136.3M
YoY Change	-3.96%	17.5%
% of Gross Profit	24.22%	18.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$273.4M	$247.7M
YoY Change	10.38%	9.55%
% of Gross Profit	50.58%	34.12%
Operating Expenses	$401.0M	$384.3M
YoY Change	4.35%	12.6%
Operating Profit	$143.1M	$315.5M
YoY Change	-54.64%	55.13%
Interest Expense	$60.01M	-$130.4M
YoY Change	-146.02%	130.39%
% of Operating Profit	41.93%	-41.33%
Other Income/Expense, Net
YoY Change
Pretax Income	$102.8M	$235.1M
YoY Change	-56.26%	68.27%
Income Tax	$9.854M	$75.77M
% Of Pretax Income	9.58%	32.23%
Net Earnings	$99.12M	$155.8M
YoY Change	-36.39%	88.15%
Net Earnings / Revenue	6.46%	8.16%
Basic Earnings Per Share	$0.34	$0.54
Diluted Earnings Per Share	$0.33	$0.53
COMMON SHARES
Basic Shares Outstanding	291.7M shares	288.5M shares
Diluted Shares Outstanding	294.2M shares	291.7M shares

Balance Sheet

Concept	2013 Q1	2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$593.4M	$494.0M
YoY Change	20.11%	-32.33%
Cash & Equivalents	$564.9M	$354.0M
Short-Term Investments	$28.47M	$140.0M
Other Short-Term Assets	$748.0M	$652.0M
YoY Change	14.72%	20.07%
Inventory	$245.0M	$262.6M
Prepaid Expenses
Receivables	$1.435B	$1.717B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$3.119B	$3.126B
YoY Change	-0.22%	15.31%
LONG-TERM ASSETS
Property, Plant & Equipment	$8.642B	$8.814B
YoY Change	-1.95%	10.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$69.00M	$309.0M
YoY Change	-77.67%	-10.17%
Other Assets	$269.0M	$394.0M
YoY Change	-31.73%	7.95%
Total Long-Term Assets	$9.466B	$10.04B
YoY Change	-5.72%	9.39%
TOTAL ASSETS
Total Short-Term Assets	$3.119B	$3.126B
Total Long-Term Assets	$9.466B	$10.04B
Total Assets	$12.59B	$13.17B
YoY Change	-4.42%	10.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$493.0M	$692.0M
YoY Change	-28.76%	57.27%
Accrued Expenses	$268.0M	$282.0M
YoY Change	-4.96%	14.63%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$276.0M
YoY Change	-100.0%	-80.16%
Total Short-Term Liabilities	$1.091B	$1.581B
YoY Change	-30.99%	-29.13%
LONG-TERM LIABILITIES
Long-Term Debt	$4.380B	$4.498B
YoY Change	-2.62%	46.8%
Other Long-Term Liabilities	$491.0M	$322.0M
YoY Change	52.48%	22.43%
Total Long-Term Liabilities	$4.871B	$4.820B
YoY Change	1.06%	44.88%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.091B	$1.581B
Total Long-Term Liabilities	$4.871B	$4.820B
Total Liabilities	$6.542B	$7.253B
YoY Change	-9.81%	14.03%
SHAREHOLDERS EQUITY
Retained Earnings		$4.111B
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares	28.41M shares
Shareholders Equity	$6.043B	$5.832B
YoY Change
Total Liabilities & Shareholders Equity	$12.59B	$13.17B
YoY Change	-4.44%	10.76%

Cashflow Statement

Concept	2013 Q1	2012 Q1
OPERATING ACTIVITIES
Net Income	$99.12M	$155.8M
YoY Change	-36.39%	88.15%
Depreciation, Depletion And Amortization	$273.4M	$247.7M
YoY Change	10.38%	9.55%
Cash From Operating Activities	$179.3M	$244.2M
YoY Change	-26.57%	-16.06%
INVESTING ACTIVITIES
Capital Expenditures	-$235.5M	-$473.7M
YoY Change	-50.28%	32.1%
Acquisitions	$37.52M
YoY Change
Other Investing Activities	$111.4M	$44.00M
YoY Change	153.18%	-376.73%
Cash From Investing Activities	-$124.1M	-$429.7M
YoY Change	-71.11%	14.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$1.027M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$12.44M	139.5M
YoY Change	-108.92%	1432.97%
NET CHANGE
Cash From Operating Activities	$179.3M	$244.2M
Cash From Investing Activities	-$124.1M	-429.7M
Cash From Financing Activities	-$12.44M	139.5M
Net Change In Cash	$42.73M	$244.2M
YoY Change	-82.5%	-428.2%
FREE CASH FLOW
Cash From Operating Activities	$179.3M	$244.2M
Capital Expenditures	-$235.5M	-$473.7M
Free Cash Flow	$414.8M	$717.9M
YoY Change	-42.22%	10.53%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2013Q1	nbr	Number Of Actively Marketed Land Drilling Rigs NumberOfActivelyMarketedLandDrillingRigs	473	rig
CY2013Q1	nbr	Number Of Platform Rigs Actively Marketed NumberOfPlatformRigsActivelyMarketed	37	rig
CY2013Q1	nbr	Number Of Jack Up Rigs Actively Marketed NumberOfJackUpRigsActivelyMarketed	7	rig
CY2013Q1	nbr	Number Of Barge Rigs Actively Marketed NumberOfBargeRigsActivelyMarketed	4	rig
CY2013Q1	nbr	Number Of Hydraulic Horsepower Pressure Pumping Services In Key Basins NumberOfHydraulicHorsepowerPressurePumpingServicesInKeyBasins	800000	item
CY2013Q1	nbr	Number Of Major Business Lines NumberOfMajorBusinessLines	2	item
CY2013Q1	nbr	Fair Value Transfers Between Level1 And Level2 FairValueTransfersBetweenLevel1AndLevel2	0	USD
CY2013Q1	nbr	Goodwill Acquisitions And Purchase Price Adjustments GoodwillAcquisitionsAndPurchasePriceAdjustments	15828000	USD
CY2013Q1	nbr	Automobile Claims Deductible AutomobileClaimsDeductible	1000000	USD
CY2013Q1	nbr	General Liability Claims Subject To Per Occurrence Deductible GeneralLiabilityClaimsSubjectToPerOccurrenceDeductible	5000000	USD
CY2013Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	0.01
CY2012Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3171000	shares
CY2013Q1	us-gaap	Goodwill Translation Adjustments GoodwillTranslationAdjustments	-394000	USD
CY2013Q1	nbr	Minimum Number Of Countries In Which Oil Gas And Geothermal Land Drilling Operations Conducted MinimumNumberOfCountriesInWhichOilGasAndGeothermalLandDrillingOperationsConducted	20	item
CY2013Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	28474000	USD
CY2013Q1	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	86601000	USD
CY2013Q1	us-gaap	Available For Sale Securities Equity Securities Current AvailableForSaleSecuritiesEquitySecuritiesCurrent	97118000	USD
CY2013Q1	us-gaap	Available For Sale Securities Debt Securities Current AvailableForSaleSecuritiesDebtSecuritiesCurrent	28474000	USD
CY2012Q4	us-gaap	Trading Securities Equity Current TradingSecuritiesEquityCurrent	52705000	USD
CY2012Q4	us-gaap	Available For Sale Securities Equity Securities Current AvailableForSaleSecuritiesEquitySecuritiesCurrent	174610000	USD
CY2012Q4	us-gaap	Available For Sale Securities Debt Securities Current AvailableForSaleSecuritiesDebtSecuritiesCurrent	25967000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	564888000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	524922000	USD
CY2012Q4	us-gaap	Trading Securities Fair Value Disclosure TradingSecuritiesFairValueDisclosure	52705000	USD
CY2012	us-gaap	Trading Securities Unrealized Holding Gain TradingSecuritiesUnrealizedHoldingGain	46981000	USD
CY2013Q1	us-gaap	Availableforsale Securities Gross Unrealized Gain AvailableforsaleSecuritiesGrossUnrealizedGain	74511000	USD
CY2013Q1	us-gaap	Available For Sale Securities Gross Unrealized Losses1 AvailableForSaleSecuritiesGrossUnrealizedLosses1	2366000	USD
CY2012Q4	us-gaap	Available For Sale Securities Fair Value Disclosure AvailableForSaleSecuritiesFairValueDisclosure	200577000	USD
CY2012Q4	us-gaap	Availableforsale Securities Gross Unrealized Gain AvailableforsaleSecuritiesGrossUnrealizedGain	139205000	USD
CY2012Q4	us-gaap	Available For Sale Securities Gross Unrealized Losses1 AvailableForSaleSecuritiesGrossUnrealizedLosses1	1225000	USD
CY2012Q4	us-gaap	Cash Cash Equivalents And Short Term Investments CashCashEquivalentsAndShortTermInvestments	778204000	USD
CY2012Q4	nbr	Cash Cash Equivalents And Short Term Investments Gross Unrealized Gains CashCashEquivalentsAndShortTermInvestmentsGrossUnrealizedGains	186186000	USD
CY2012Q4	nbr	Cash Cash Equivalents And Short Term Investments Gross Unrealized Losses CashCashEquivalentsAndShortTermInvestmentsGrossUnrealizedLosses	1225000	USD
CY2013Q1	us-gaap	Available For Sale Securities Fair Value Disclosure AvailableForSaleSecuritiesFairValueDisclosure	125592000	USD
CY2013Q1	us-gaap	Cash Cash Equivalents And Short Term Investments CashCashEquivalentsAndShortTermInvestments	690480000	USD
CY2013Q1	nbr	Cash Cash Equivalents And Short Term Investments Gross Unrealized Gains CashCashEquivalentsAndShortTermInvestmentsGrossUnrealizedGains	74511000	USD
CY2013Q1	nbr	Cash Cash Equivalents And Short Term Investments Gross Unrealized Losses CashCashEquivalentsAndShortTermInvestmentsGrossUnrealizedLosses	2366000	USD
CY2013Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	17550000	USD
CY2013Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	546000	USD
CY2013Q1	us-gaap	Availableforsale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses2 AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses2	2276000	USD
CY2013Q1	us-gaap	Availableforsale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses2 AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses2	90000	USD
CY2013Q1	us-gaap	Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue	88000	USD
CY2013Q1	us-gaap	Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue	20150000	USD
CY2013Q1	nbr	Available For Sale Securities Debt Maturities Rolling After Year Five Fair Value AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearFiveFairValue	8236000	USD
CY2013Q1	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	75974000	USD
CY2012Q1	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	18437000	USD
CY2012Q1	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	12465000	USD
CY2012Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	4448888000	USD
CY2012Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	5142918000	USD
CY2012Q4	nbr	Temporary Equity Fair Value TemporaryEquityFairValue	68625000	USD
CY2013Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	4449381000	USD
CY2013Q1	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	4975589000	USD
CY2013Q1	nbr	Temporary Equity Fair Value TemporaryEquityFairValue	68625000	USD
CY2012Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4500000	USD
CY2013Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	32900000	USD
CY2012Q4	us-gaap	Other Long Term Debt OtherLongTermDebt	437000	USD
CY2012Q4	us-gaap	Long Term Debt LongTermDebt	4379700000	USD
CY2013Q1	us-gaap	Other Long Term Debt OtherLongTermDebt	490000	USD
CY2013Q1	us-gaap	Long Term Debt LongTermDebt	4380193000	USD
CY2012Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	1000000	shares
CY2013Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	100000	shares
CY2013Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	1000000	USD
CY2012Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	15700000	USD
CY2013Q1	nbr	Share Based Compensation Cashless Exercise ShareBasedCompensationCashlessExercise	21000000	USD
CY2012Q1	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	100000	shares
CY2013Q1	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	200000	shares
CY2012Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	1800000	USD
CY2013Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	2800000	USD
CY2012Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	158095000	USD
CY2012Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	148165000	USD
CY2012Q4	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	58590000	USD
CY2012Q4	us-gaap	Workers Compensation Liability Current WorkersCompensationLiabilityCurrent	22645000	USD
CY2012Q4	us-gaap	Interest Payable Current InterestPayableCurrent	90878000	USD
CY2012Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	6436000	USD
CY2012Q4	us-gaap	Litigation Reserve Current LitigationReserveCurrent	26782000	USD
CY2012Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	68961000	USD
CY2012Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	2989000	USD
CY2012Q4	us-gaap	Deferred Tax Liabilities Current DeferredTaxLiabilitiesCurrent	10721000	USD
CY2012Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	5118000	USD
CY2013Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	153828000	USD
CY2013Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	164146000	USD
CY2013Q1	us-gaap	Accrual For Taxes Other Than Income Taxes Current AccrualForTaxesOtherThanIncomeTaxesCurrent	42325000	USD
CY2013Q1	us-gaap	Workers Compensation Liability Current WorkersCompensationLiabilityCurrent	22645000	USD
CY2013Q1	us-gaap	Interest Payable Current InterestPayableCurrent	33109000	USD
CY2013Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	6745000	USD
CY2013Q1	us-gaap	Litigation Reserve Current LitigationReserveCurrent	28421000	USD
CY2013Q1	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	60291000	USD
CY2013Q1	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	3146000	USD
CY2013Q1	us-gaap	Deferred Tax Liabilities Current DeferredTaxLiabilitiesCurrent	12172000	USD
CY2013Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	6390000	USD
CY2012Q1	us-gaap	Interest And Dividend Income Securities InterestAndDividendIncomeSecurities	1355000	USD
CY2012Q1	us-gaap	Gain Loss On Investments GainLossOnInvestments	18897000	USD
CY2013Q1	us-gaap	Interest And Dividend Income Securities InterestAndDividendIncomeSecurities	776000	USD
CY2013Q1	us-gaap	Gain Loss On Investments GainLossOnInvestments	78645000	USD
CY2012Q1	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	6000000	USD
CY2013Q1	nbr	Losses Gains On Sales Retirements And Involuntary Conversions Of Long Lived Assets LossesGainsOnSalesRetirementsAndInvoluntaryConversionsOfLongLivedAssets	3459000	USD
CY2013Q1	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	-6161000	USD
CY2013Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-4317000	USD
CY2013Q1	us-gaap	Gains Losses On Sales Of Other Assets GainsLossesOnSalesOfOtherAssets	-870000	USD
CY2012Q1	nbr	Losses Gains On Sales Retirements And Involuntary Conversions Of Long Lived Assets LossesGainsOnSalesRetirementsAndInvoluntaryConversionsOfLongLivedAssets	-1782000	USD
CY2012Q1	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	-540000	USD
CY2012Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	455000	USD
CY2012Q1	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	462000	USD
CY2012Q1	us-gaap	Gains Losses On Sales Of Other Assets GainsLossesOnSalesOfOtherAssets	-319000	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	96261000	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.33
CY2013Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.34
CY2013Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.33
CY2013Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.33
CY2013Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	291687000	shares
CY2012Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	288538000	shares
CY2012Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	142885000	USD
CY2012Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.50
CY2012Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	-0.04
CY2012Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.46
CY2012Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.49
CY2012Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	-0.03
CY2012Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.46
CY2012Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	11763048	shares
CY2013Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	12452263	shares
CY2013Q1	nbr	Operating Revenues And Income Loss From Equity Method Of Investment OperatingRevenuesAndIncomeLossFromEquityMethodOfInvestment	1581540000	USD
CY2012Q1	nbr	Operating Revenues And Income Loss From Equity Method Of Investment OperatingRevenuesAndIncomeLossFromEquityMethodOfInvestment	1821757000	USD
CY2013Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-34000	USD
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	149588000	USD
CY2012Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	315536000	USD
CY2012Q4	us-gaap	Long Term Investments LongTermInvestments	4269000	USD
CY2012Q4	nbr	Accrued Liabilities Current Excluding Income Taxes Payable AccruedLiabilitiesCurrentExcludingIncomeTaxesPayable	599380000	USD
CY2013Q1	us-gaap	Long Term Investments LongTermInvestments	3910000	USD
CY2013Q1	nbr	Accrued Liabilities Current Excluding Income Taxes Payable AccruedLiabilitiesCurrentExcludingIncomeTaxesPayable	533218000	USD
CY2013Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	12000	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	354022000	USD
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	398575000	USD
CY2013Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Note 1 Nature of Operations</font></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Nabors has grown from a land drilling business centered in the U.S. lower 48 states, Canada and Alaska to a global business aimed at optimizing the entire well life cycle, with operations on land and offshore in most of the major oil and gas markets in the world. The majority of our business is conducted through two business lines:</font></p> <p style="TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt 0.25in;"><b><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Drilling & Rig Services</font></i></b></p> <p style="TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt 0.25in;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">This business line is comprised of our global drilling rig operations and drilling-related services, consisting of equipment manufacturing, instrumentation optimization software and directional drilling services.</font></p> <p style="TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt 0.25in;"><b><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Completion & Production Services</font></i></b></p> <p style="TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt 0.25in;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">This business line is comprised of our operations involved in the completion, life-of-well maintenance and eventual plugging and abandonment of a well.  These services include stimulation, coiled-tubing, cementing, wireline, workover, well-servicing and fluids management.</font></p> <p style="TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">As a global provider of services for oil and natural gas wells, on land and offshore, Nabors’ fleet of rigs and equipment includes:</font></p> <p style="TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in;"><font style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt;" size="2">·</font><font style="FONT-SIZE: 3pt;" size="1">                 </font> <font style="FONT-SIZE: 10pt;" size="2">473 actively marketed land drilling rigs for oil and gas land drilling operations in the U.S. Lower 48 states, Alaska, Canada and over 20 other countries throughout the world.</font></p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in;"> </p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in;"><font style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt;" size="2">·</font><font style="FONT-SIZE: 3pt;" size="1">                 </font> <font style="FONT-SIZE: 10pt;" size="2">442 actively marketed rigs for land well-servicing and workover services in the United States and approximately 104 rigs for land well-servicing and workover services in Canada.</font></p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in;"> </p> <p style="TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">We are also a leading provider of offshore platform workover and drilling rigs, and actively market 37 platform, 7 jackup and 4 barge rigs in the United States, including the Gulf of Mexico, and multiple international markets. In addition, we provide completion and production services, including hydraulic fracturing, cementing, nitrogen and acid pressure pumping services with over 800,000 hydraulic horsepower in key basins throughout the United States and Canada.</font></p> <p style="TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">In addition to the foregoing services,</font></p> <p style="TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in;"><font style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt;" size="2">·</font><font style="FONT-SIZE: 3pt;" size="1">                 </font> <font style="FONT-SIZE: 10pt;" size="2">We offer a wide range of ancillary well-site services, including engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, rig instrumentation, data collection and other support services in select U.S. and international markets.</font></p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in;"> </p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in;"><font style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt;" size="2">·</font><font style="FONT-SIZE: 3pt;" size="1">                 </font> <font style="FONT-SIZE: 10pt;" size="2">We manufacture and lease or sell top drives for a broad range of drilling applications, directional drilling systems, rig instrumentation and data collection equipment, pipeline handling equipment and rig reporting software.</font></p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in;"> </p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in;"><font style="FONT-FAMILY: Symbol; FONT-SIZE: 10pt;" size="2">·</font><font style="FONT-SIZE: 3pt;" size="1">                 </font> <font style="FONT-SIZE: 10pt;" size="2">We have a 51% ownership interest in a joint venture in Saudi Arabia, which owns and actively markets five rigs in addition to the rigs we lease to the joint venture.</font></p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in;"> </p> <p style="TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Unless the context requires otherwise, references in this report to “we,” “us,” “our,” “the Company,” or “Nabors” mean Nabors Industries Ltd., together with our subsidiaries where the context requires, including Nabors Industries, Inc., a Delaware corporation (“Nabors Delaware”), our wholly owned subsidiary.</font></p> </div>
CY2013Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2483000	shares
CY2013Q1	dei	Entity Registrant Name EntityRegistrantName	NABORS INDUSTRIES LTD
CY2013Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001163739
CY2013Q1	dei	Document Type DocumentType	10-Q
CY2013Q1	dei	Document Period End Date DocumentPeriodEndDate	2013-03-31
CY2013Q1	dei	Amendment Flag AmendmentFlag	false
CY2013Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2013Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2013Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2013Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013
CY2013Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2013Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	294618623	shares
CY2013Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2012Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2013Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	800000000	shares
CY2012Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	800000000	shares
CY2013Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	323019000	shares
CY2012Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	318813000	shares
CY2013Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	28414000	shares
CY2012Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	28414000	shares
CY2013Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	294170000	shares
CY2012Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	291709000	shares
CY2011Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5601217000	USD
CY2012Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	21442000	USD
CY2012Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	-5320000	USD
CY2012Q1	nbr	Adjustments To Additional Paid In Capital Contribution From Forgiveness Of Liability Net Of Tax AdjustmentsToAdditionalPaidInCapitalContributionFromForgivenessOfLiabilityNetOfTax	62734000	USD
CY2012Q1	us-gaap	Stock Issued During Period Value Treasury Stock Reissued StockIssuedDuringPeriodValueTreasuryStockReissued	7750000	USD
CY2012Q1	nbr	Share Based Compensations ShareBasedCompensations	4454000	USD
CY2012Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	2920000	USD
CY2012Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5823180000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-89866000	USD
CY2013Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	1027000	USD
CY2013Q1	nbr	Share Based Compensations ShareBasedCompensations	32853000	USD
CY2013Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	2773000	USD
CY2013Q1	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	2400000	USD
CY2013Q1	nbr	Realized Gain On Short Term And Long Term Investments RealizedGainOnShortTermAndLongTermInvestments	76200000	USD
CY2012Q1	nbr	Realized Gain On Short Term And Long Term Investments RealizedGainOnShortTermAndLongTermInvestments	12500000	USD
CY2013Q1	nbr	Guarantee Obligations Maximum Exposure In Year One GuaranteeObligationsMaximumExposureInYearOne	68312000	USD
CY2013Q1	nbr	Guarantee Obligations Maximum Exposure In Year Two GuaranteeObligationsMaximumExposureInYearTwo	7126000	USD
CY2013Q1	nbr	Guarantee Obligations Maximum Exposure Thereafter GuaranteeObligationsMaximumExposureThereafter	97000	USD
CY2013Q1	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	75535000	USD

Files In Submission

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0001104659-13-036071-index.html	Edgar Link	pending
0001104659-13-036071.txt	Edgar Link	pending
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2013 Q1 Form 10-Q Financial Statement

#000110465913036071 Filed on May 02, 2013

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2013 Q1 Form 10-Q Financial Statement

#000110465913036071 Filed on May 02, 2013

Income Statement

Balance Sheet

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Files In Submission

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NABORS INDUSTRIES LTD Stock $nbr