2013 Q4 Form 10-Q Financial Statement

#000110465913080127 Filed on November 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $1.607B $1.551B $1.730B
YoY Change 8.63% -10.35% 7.55%
Cost Of Revenue $1.033B $980.9M $1.107B
YoY Change 11.92% -11.39% 8.6%
Gross Profit $574.1M $569.9M $622.9M
YoY Change 3.16% -8.5% 5.73%
Gross Profit Margin 35.72% 36.75% 36.01%
Selling, General & Admin $135.3M $127.9M $131.9M
YoY Change 7.3% -3.03% 10.47%
% of Gross Profit 23.57% 22.44% 21.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $278.8M $277.3M $269.7M
YoY Change 0.5% 2.82% 14.86%
% of Gross Profit 48.56% 48.66% 43.3%
Operating Expenses $411.3M $400.2M $403.3M
YoY Change 6.2% -0.77% 13.93%
Operating Profit $162.8M $165.9M $225.8M
YoY Change -3.78% -26.54% -16.14%
Interest Expense -$46.80M -$57.20M $63.60M
YoY Change -2.9% -189.93% 9.55%
% of Operating Profit -28.75% -34.48% 28.16%
Other Income/Expense, Net
YoY Change
Pretax Income $102.9M -$134.4M $60.26M
YoY Change -24.39% -323.1% -51.98%
Income Tax -$26.40M -$44.68M -$4.977M
% Of Pretax Income -25.66% -8.26%
Net Earnings $150.6M -$105.4M $75.66M
YoY Change 456.2% -239.29% 1.89%
Net Earnings / Revenue 9.37% -6.8% 4.37%
Basic Earnings Per Share $0.50 -$0.35 $0.26
Diluted Earnings Per Share $0.50 -$0.35 $0.26
COMMON SHARES
Basic Shares Outstanding 295.2M shares 295.1M shares 290.4M shares
Diluted Shares Outstanding 295.1M shares 292.5M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $507.1M $415.5M $506.6M
YoY Change -7.94% -17.99% 28.26%
Cash & Equivalents $389.9M $395.9M $471.6M
Short-Term Investments $117.2M $19.55M $35.07M
Other Short-Term Assets $272.8M $237.2M $211.8M
YoY Change 20.4% 12.01% -59.11%
Inventory $209.8M $229.5M $257.2M
Prepaid Expenses
Receivables $1.400B $1.362B $1.529B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.754B $2.956B $3.134B
YoY Change -12.1% -5.65% 23.18%
LONG-TERM ASSETS
Property, Plant & Equipment $8.598B $8.464B $8.894B
YoY Change -1.31% -4.84% 3.7%
Goodwill $513.0M $479.6M $472.5M
YoY Change 8.6% 1.5%
Intangibles
YoY Change
Long-Term Investments $67.00M $72.00M $70.20M
YoY Change 8.59% 2.56% -80.66%
Other Assets $227.7M $230.0M $348.9M
YoY Change -16.53% -34.07% 5.09%
Total Long-Term Assets $9.406B $9.246B $9.791B
YoY Change -1.23% -5.57% 0.17%
TOTAL ASSETS
Total Short-Term Assets $2.754B $2.956B $3.134B
Total Long-Term Assets $9.406B $9.246B $9.791B
Total Assets $12.16B $12.20B $12.92B
YoY Change -3.92% -5.59% 4.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $545.5M $521.1M $560.6M
YoY Change 9.32% -7.05% -15.69%
Accrued Expenses $697.1M $579.5M $573.6M
YoY Change 16.3% 1.02% 92.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.19M $11.00M $389.0K
YoY Change 2698.08% 2727.76% -99.86%
Total Short-Term Liabilities $1.311B $1.125B $1.135B
YoY Change 15.81% -0.81% -19.87%
LONG-TERM LIABILITIES
Long-Term Debt $3.904B $4.036B $4.679B
YoY Change -10.85% -13.74% 14.45%
Other Long-Term Liabilities $377.7M $441.4M $448.4M
YoY Change -27.17% -1.57% 103.83%
Total Long-Term Liabilities $4.282B $441.4M $5.127B
YoY Change -12.58% -91.39% 19.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.311B $1.125B $1.135B
Total Long-Term Liabilities $4.282B $441.4M $5.127B
Total Liabilities $6.109B $6.295B $6.999B
YoY Change -7.85% -10.06% 5.78%
SHAREHOLDERS EQUITY
Retained Earnings $4.305B $4.074B $4.093B
YoY Change 4.47% -0.46%
Common Stock $2.393B $2.385B $2.333B
YoY Change 2.37% 2.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $944.6M $944.6M $944.6M
YoY Change 0.0% 0.0%
Treasury Stock Shares 28.41M shares 28.41M shares 28.41M shares
Shareholders Equity $5.969B $5.826B $5.844B
YoY Change
Total Liabilities & Shareholders Equity $12.16B $12.20B $12.92B
YoY Change -3.92% -5.59% 4.92%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $150.6M -$105.4M $75.66M
YoY Change 456.2% -239.29% 1.89%
Depreciation, Depletion And Amortization $278.8M $277.3M $269.7M
YoY Change 0.5% 2.82% 14.86%
Cash From Operating Activities $443.5M $309.3M $382.1M
YoY Change -5.38% -19.05% 60.41%
INVESTING ACTIVITIES
Capital Expenditures -$397.5M -$280.3M -$253.9M
YoY Change 33.93% 10.4% -52.04%
Acquisitions
YoY Change
Other Investing Activities $93.00M $111.4M $16.00M
YoY Change -48.73% 596.25% -134.86%
Cash From Investing Activities -$304.5M -$168.9M -$238.0M
YoY Change 163.86% -29.03% -58.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -142.7M -253.5M 6.400M
YoY Change -52.43% -4060.94% -92.74%
NET CHANGE
Cash From Operating Activities 443.5M 309.3M 382.1M
Cash From Investing Activities -304.5M -168.9M -238.0M
Cash From Financing Activities -142.7M -253.5M 6.400M
Net Change In Cash -3.700M -113.1M 150.5M
YoY Change -106.94% -175.15% -160.49%
FREE CASH FLOW
Cash From Operating Activities $443.5M $309.3M $382.1M
Capital Expenditures -$397.5M -$280.3M -$253.9M
Free Cash Flow $841.0M $589.6M $636.0M
YoY Change 9.86% -7.3% -17.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
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CY2012Q4 us-gaap Goodwill
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us-gaap Goodwill Translation Adjustments
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us-gaap Available For Sale Securities Gross Realized Gain Loss Net
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nbr Share Based Compensation Payments To Repurchase Vested Options
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us-gaap Shares Paid For Tax Withholding For Share Based Compensation
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Of Dividends
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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nbr Losses Gains On Sales Retirements And Involuntary Conversions Of Long Lived Assets
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InterestPayableCurrent
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gain Loss Related To Litigation Settlement
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
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3266000 USD
CY2012Q3 nbr Losses Gains On Sales Retirements And Impairments Of Long Lived Assets And Other Expense Income Net
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nbr Losses Gains On Sales Retirements And Impairments Of Long Lived Assets And Other Expense Income Net
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27245000 USD
CY2013Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
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us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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LitigationReserveCurrent
26782000 USD
CY2013Q3 us-gaap Litigation Reserve Current
LitigationReserveCurrent
28597000 USD
CY2012Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
68961000 USD
CY2013Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
64278000 USD
CY2013Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3228000 USD
CY2012Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2989000 USD
CY2013Q3 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
12105000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
10721000 USD
CY2013Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11864000 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5118000 USD
CY2013Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
579476000 USD
CY2012Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
599380000 USD
CY2013Q3 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1107000 USD
CY2012Q3 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1160000 USD
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
6110000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
91246000 USD
CY2013Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
122000 USD
CY2012Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
6064000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
26734000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
95471000 USD
CY2013Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
1229000 USD
CY2012Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
7224000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
32844000 USD
CY2012Q3 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
4200000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
11600000 USD
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
88200000 USD
us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
2500000 USD
us-gaap Gain Loss On Sale Of Debt Investments
GainLossOnSaleOfDebtInvestments
14000000 USD
CY2013Q3 nbr Losses Gains On Sales Retirements And Involuntary Conversions Of Long Lived Assets
LossesGainsOnSalesRetirementsAndInvoluntaryConversionsOfLongLivedAssets
2806000 USD
CY2012Q3 nbr Losses Gains On Sales Retirements And Involuntary Conversions Of Long Lived Assets
LossesGainsOnSalesRetirementsAndInvoluntaryConversionsOfLongLivedAssets
2592000 USD
nbr Losses Gains On Sales Retirements And Involuntary Conversions Of Long Lived Assets
LossesGainsOnSalesRetirementsAndInvoluntaryConversionsOfLongLivedAssets
6773000 USD
us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
-45000000 USD
CY2013Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-208197000 USD
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
46264000 USD
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
74960000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
26279000 USD
CY2010Q3 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
311631000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-35304000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
84660000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
41216000 USD
CY2012Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
4269000 USD
CY2013Q3 us-gaap Assets Held For Sale Current
AssetsHeldForSaleCurrent
396201000 USD
CY2013Q3 nbr Undiscounted Contractual Commitments
UndiscountedContractualCommitments
279900000 USD
CY2013Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
170500000 USD
CY2012Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
206000000 USD
nbr Operating Revenues And Income Loss From Equity Method Of Investment
OperatingRevenuesAndIncomeLossFromEquityMethodOfInvestment
4545890000 USD
CY2013Q3 nbr Operating Revenues And Income Loss From Equity Method Of Investment
OperatingRevenuesAndIncomeLossFromEquityMethodOfInvestment
1548191000 USD
CY2012Q3 nbr Operating Revenues And Income Loss From Equity Method Of Investment
OperatingRevenuesAndIncomeLossFromEquityMethodOfInvestment
1630380000 USD
nbr Operating Revenues And Income Loss From Equity Method Of Investment
OperatingRevenuesAndIncomeLossFromEquityMethodOfInvestment
4969986000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
398635000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
165893000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
225835000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
753292000 USD
us-gaap Interest Expense
InterestExpense
176343000 USD
us-gaap Interest Expense
InterestExpense
190068000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-134444000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
124987000 USD
CY2012Q4 us-gaap Assets
Assets
12656022000 USD
CY2013Q3 us-gaap Assets
Assets
12202116000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
500000 shares
CY2013Q3 us-gaap Other Assets Current
OtherAssetsCurrent
237217000 USD
CY2013Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
239171000 USD
CY2013Q3 us-gaap Assets Current
AssetsCurrent
2956455000 USD
CY2013Q3 us-gaap Long Term Investments
LongTermInvestments
3371000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8463804000 USD
CY2013Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
68907000 USD
CY2013Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
230022000 USD
CY2013Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
521133000 USD
CY2013Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
13372000 USD
CY2013Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1125422000 USD
CY2013Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
441372000 USD
CY2013Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
692514000 USD
CY2013Q3 us-gaap Liabilities
Liabilities
6295335000 USD
nbr Depreciation And Amortization Including Discontinued Operations
DepreciationAndAmortizationIncludingDiscontinuedOperations
820898000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5837593000 USD
nbr Depletions
Depletions
22235000 USD
nbr Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
-31535000 USD
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1382623000 USD
CY2012Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
110480000 USD
CY2012Q4 us-gaap Other Assets Current
OtherAssetsCurrent
226560000 USD
CY2012Q4 us-gaap Assets Current
AssetsCurrent
3132857000 USD
CY2012Q4 us-gaap Long Term Investments
LongTermInvestments
4269000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8712088000 USD
CY2012Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
61690000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
272792000 USD
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
499010000 USD
CY2012Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
33628000 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1132382000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
518664000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
599335000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
6629717000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
5944929000 USD
CY2012Q4 us-gaap Minority Interest
MinorityInterest
12188000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5957117000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12656022000 USD
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
1550819000 USD
CY2013Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2628000 USD
CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
1577342000 USD
CY2013Q3 nbr Revenues And Other Income
RevenuesAndOtherIncome
1549420000 USD
CY2013Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
980911000 USD
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
127943000 USD
CY2013Q3 nbr Depreciation And Amortization Continuing Operations
DepreciationAndAmortizationContinuingOperations
273444000 USD
CY2013Q3 us-gaap Costs And Expenses
CostsAndExpenses
1683864000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-44684000 USD
CY2013Q3 nbr Subsidiary Preferred Stock Dividend
SubsidiaryPreferredStockDividend
-750000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
-104940000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-105381000 USD
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
1729907000 USD
CY2012Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-99527000 USD
CY2012Q3 nbr Revenues And Other Income
RevenuesAndOtherIncome
1637604000 USD
CY2012Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1107032000 USD
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
130681000 USD
CY2012Q3 nbr Depreciation And Amortization Continuing Operations
DepreciationAndAmortizationContinuingOperations
265637000 USD
nbr Asset Impairment And Other Charges
AssetImpairmentAndOtherCharges
147503000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
60262000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4977000 USD
CY2012Q3 nbr Subsidiary Preferred Stock Dividend
SubsidiaryPreferredStockDividend
-750000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
64489000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
12155000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
76644000 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
988000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
75656000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
4544263000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1627000 USD
nbr Revenues And Other Income
RevenuesAndOtherIncome
4641361000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2948213000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-86573000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
390023000 USD
nbr Depreciation And Amortization Continuing Operations
DepreciationAndAmortizationContinuingOperations
809019000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
287241000 USD
us-gaap Costs And Expenses
CostsAndExpenses
4638084000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-28798000 USD
nbr Subsidiary Preferred Stock Dividend
SubsidiaryPreferredStockDividend
-2250000 USD
us-gaap Net Income Loss
NetIncomeLoss
-10621000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
5272499000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-302513000 USD
nbr Revenues And Other Income
RevenuesAndOtherIncome
5002830000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3353520000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
398534000 USD
nbr Depreciation And Amortization Continuing Operations
DepreciationAndAmortizationContinuingOperations
766441000 USD
CY2012Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
50979000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
147503000 USD
us-gaap Costs And Expenses
CostsAndExpenses
4877843000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22121000 USD
nbr Subsidiary Preferred Stock Dividend
SubsidiaryPreferredStockDividend
-2250000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
949000 USD
us-gaap Profit Loss
ProfitLoss
136504000 USD
us-gaap Net Income Loss
NetIncomeLoss
136957000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
15716000 USD
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-3416000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
2000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-3418000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-280000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
153000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
12731000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
116000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
12615000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-92766000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
670000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-92096000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
31550000 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
13667000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1523000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
12144000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-260000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
166000 USD
nbr Depreciation And Amortization Including Discontinued Operations
DepreciationAndAmortizationIncludingDiscontinuedOperations
778393000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
44120000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-272000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
44392000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
120048000 USD
CY2012Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
390000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1378000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
121426000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-36853000 USD
nbr Depletions
Depletions
223000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
1586000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
88159000 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
163944000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-842000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
459000 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-122125000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-2161000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-511003000 USD
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-1748000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
710000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-130585000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-572000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5582000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-125003000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
29157000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
20882000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
14007000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
6875000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-780000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
548000 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
37360000 USD
nbr Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
-81116000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-3856000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
178173000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
417000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-36000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
178137000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
974715000 USD
us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
10000000 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
30111000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
37516000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
780711000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1221769000 USD
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
10000000 USD
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
-7497000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3505000 USD
us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
332250000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4375000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
994181000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
590000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3096000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-586925000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-5786000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-128999000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1094045000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
5967000 USD
nbr Proceeds From Sale Of Productive Assets And Proceeds From Insurance Settlement
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CY2013Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
28414000 shares
dei Entity Central Index Key
EntityCentralIndexKey
0001163739
dei Entity Registrant Name
EntityRegistrantName
NABORS INDUSTRIES LTD
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
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dei Entity Filer Category
EntityFilerCategory
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CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
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CommonStockParOrStatedValuePerShare
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CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CommonStockSharesAuthorized
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CommonStockSharesAuthorized
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CommonStockSharesIssued
323534000 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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TreasuryStockShares
28414000 shares
CY2012Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-55956000 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
111683000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-89562000 USD
nbr Impairments And Other Charges
ImpairmentsAndOtherCharges
162450000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
27773000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13541000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-5054000 USD
us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
48486000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-302512000 USD
us-gaap Other Noncash Income
OtherNoncashIncome
-6207000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-46973000 USD
us-gaap Increase Decrease In Inventories
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-10900000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
47086000 USD
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IncreaseDecreaseInOtherNoncurrentAssets
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IncreaseDecreaseInAccruedIncomeTaxesPayable
10576000 USD
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IncreaseDecreaseInOtherNoncurrentLiabilities
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us-gaap Gain Loss On Disposition Of Assets1
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-12254000 USD
us-gaap Profit Loss
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-4467000 USD
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71322000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1064175000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-120536000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
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4375000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
90635000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
45898000 USD
nbr Share Based Compensations
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45902000 USD
us-gaap Stockholders Equity Other
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6542000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
35357000 USD
us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
2899000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
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CY2012Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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2134000 shares
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2468000 shares
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2384421000 USD
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RetainedEarningsAccumulatedDeficit
4074420000 USD
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944627000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
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8000000 USD
CY2013Q3 us-gaap Impairment Of Long Lived Assets Held For Use
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20000000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
20000000 USD
CY2013Q3 nbr Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggegate Loss Accumulated In Investments
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2000 USD
CY2013Q3 nbr Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggegate Loss Accumulated In Investments
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67000 USD
CY2013Q3 nbr Premium Paid On Extenguishment Of Debt
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nbr Premium Paid On Extenguishment Of Debt
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208197000 USD

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