$NBR
NABORS INDUSTRIES LTD

2022 Q4 Form 10-Q Financial Statement

#000155837022015510 Filed on October 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $760.1M $694.1M
YoY Change 39.85% 32.43%
Cost Of Revenue $457.2M $432.3M
YoY Change 31.66% 28.46%
Gross Profit $303.0M $261.8M
YoY Change 54.34% 39.55%
Gross Profit Margin 39.86% 37.72%
Selling, General & Admin $59.03M $57.59M
YoY Change 8.47% 8.88%
% of Gross Profit 19.48% 22.0%
Research & Development $13.91M $13.41M
YoY Change 36.08% 41.18%
% of Gross Profit 4.59% 5.12%
Depreciation & Amortization $168.8M $169.9M
YoY Change 0.53% -2.03%
% of Gross Profit 55.73% 64.87%
Operating Expenses $281.6M $13.41M
YoY Change 20.42% 41.18%
Operating Profit $21.36M $60.37M
YoY Change -156.87% -499.99%
Interest Expense -$45.79M $43.84M
YoY Change -0.07% 3.85%
% of Operating Profit -214.42% 72.62%
Other Income/Expense, Net -$1.246M
YoY Change -93.67%
Pretax Income -$31.99M $7.891M
YoY Change -64.8% -106.99%
Income Tax $26.16M $12.35M
% Of Pretax Income 156.53%
Net Earnings -$71.67M -$13.78M
YoY Change -36.95% -88.75%
Net Earnings / Revenue -9.43% -1.99%
Basic Earnings Per Share -$1.80
Diluted Earnings Per Share -$7.87 -$1.80
COMMON SHARES
Basic Shares Outstanding 9.416M 9.418M
Diluted Shares Outstanding 9.099M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $452.3M $425.1M
YoY Change -54.38% -44.93%
Cash & Equivalents $451.0M $420.3M
Short-Term Investments $1.290M $4.763M
Other Short-Term Assets $92.96M $108.8M
YoY Change -3.47% -4.8%
Inventory $127.9M $129.1M
Prepaid Expenses
Receivables $327.4M $303.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.001B $965.9M
YoY Change -33.37% -26.97%
LONG-TERM ASSETS
Property, Plant & Equipment $3.026B $3.100B
YoY Change -9.63% -9.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $161.0M $160.0M
YoY Change 19.32% 5.43%
Total Long-Term Assets $3.729B $3.803B
YoY Change -7.32% -1.29%
TOTAL ASSETS
Total Short-Term Assets $1.001B $965.9M
Total Long-Term Assets $3.729B $3.803B
Total Assets $4.730B $4.769B
YoY Change -14.4% -7.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $314.0M $290.2M
YoY Change 23.76% 15.26%
Accrued Expenses $197.9M $192.0M
YoY Change -19.95% -18.4%
Deferred Revenue $29.20M $25.40M
YoY Change -31.93% -44.18%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $596.4M $559.2M
YoY Change 13.55% 8.35%
LONG-TERM LIABILITIES
Long-Term Debt $2.538B $2.586B
YoY Change -22.23% -15.93%
Other Long-Term Liabilities $377.7M $342.4M
YoY Change 10.97% -1.13%
Total Long-Term Liabilities $2.915B $2.928B
YoY Change -19.09% -14.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $596.4M $559.2M
Total Long-Term Liabilities $2.915B $2.928B
Total Liabilities $3.514B $3.489B
YoY Change -14.93% -11.44%
SHAREHOLDERS EQUITY
Retained Earnings -$1.841B -$1.766B
YoY Change 19.71% 24.81%
Common Stock $3.537B $3.533B
YoY Change 2.37% 2.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $369.0M $439.2M
YoY Change
Total Liabilities & Shareholders Equity $4.730B $4.769B
YoY Change -14.4% -7.85%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$71.67M -$13.78M
YoY Change -36.95% -88.75%
Depreciation, Depletion And Amortization $168.8M $169.9M
YoY Change 0.53% -2.03%
Cash From Operating Activities $200.0M $139.0M
YoY Change 95.51% 22.66%
INVESTING ACTIVITIES
Capital Expenditures $101.4M -$111.2M
YoY Change -287.23% 69.2%
Acquisitions
YoY Change
Other Investing Activities -$341.0K $7.349M
YoY Change -117.04% -91.41%
Cash From Investing Activities -$101.7M -$103.8M
YoY Change 95.07% -623.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -59.06M -23.89M
YoY Change -113.11% -110.07%
NET CHANGE
Cash From Operating Activities 200.0M 139.0M
Cash From Investing Activities -101.7M -103.8M
Cash From Financing Activities -59.06M -23.89M
Net Change In Cash 39.22M 11.22M
YoY Change -92.17% -96.97%
FREE CASH FLOW
Cash From Operating Activities $200.0M $139.0M
Capital Expenditures $101.4M -$111.2M
Free Cash Flow $98.62M $250.1M
YoY Change -36.95% 39.75%

Facts In Submission

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NABORS INDUSTRIES LTD.
dei Entity Incorporation State Country Code
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NetIncomeLossAttributableToNoncontrollingInterest
9322000
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6778000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
32132000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
21168000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-13783000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-122500000
us-gaap Net Income Loss
NetIncomeLoss
-281196000
us-gaap Net Income Loss
NetIncomeLoss
-455595000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3653000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13783000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-122500000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-281196000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-459248000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13783000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-122500000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-281196000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-459248000
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.80
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-15.79
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-32.72
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-62.26
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.80
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-15.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-32.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-62.26
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.80
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-15.79
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-32.72
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-62.26
us-gaap Profit Loss
ProfitLoss
-434427000
us-gaap Net Income Loss
NetIncomeLoss
-281196000
nbr Depreciation And Amortization Excluding Debt Issuance Costs And Discounts
DepreciationAndAmortizationExcludingDebtIssuanceCostsAndDiscounts
496231000
nbr Depreciation And Amortization Excluding Debt Issuance Costs And Discounts
DepreciationAndAmortizationExcludingDebtIssuanceCostsAndDiscounts
525427000
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.80
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-15.79
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
4712000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-9305000
us-gaap Net Income Loss
NetIncomeLoss
-455595000
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-1651000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-434175000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-3391000
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
59717000
nbr Cash Flows From Operations Net Income Loss From Non Controlling Interests
CashFlowsFromOperationsNetIncomeLossFromNonControllingInterests
32132000
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-2288000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-2481000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
2032000
CY2022Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-52000
CY2021Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-52000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-1584000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
1744000
CY2022Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-1599000
CY2021Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-2236000
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-897000
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
288000
CY2022Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
12000
CY2021Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
12000
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
36000
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
36000
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1611000
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2248000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-933000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
252000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-15394000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-124748000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-282129000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-455343000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
9322000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6778000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
32132000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
21168000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-6072000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-117970000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-249997000
nbr Impairments And Other Charges
ImpairmentsAndOtherCharges
72898000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
8012000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
15846000
us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
1636000
us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
10706000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1130000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-17299000
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-544000
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
767000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-350000
us-gaap Share Based Compensation
ShareBasedCompensation
11854000
us-gaap Share Based Compensation
ShareBasedCompensation
15207000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
4054000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
710000000
nbr Cash Flows From Operations Net Income Loss From Non Controlling Interests
CashFlowsFromOperationsNetIncomeLossFromNonControllingInterests
21168000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
312500000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
298503000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29828000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-74873000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
312000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-21137000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
12578000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
6060000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
12301000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-3721000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
30538000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8485000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-66000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
12622000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
30157000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
37623000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
301100000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
326483000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
19000000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
14041000
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
21000
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
11371000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3600000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
272080000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
179902000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
24030000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
121678000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-27000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
594000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-267002000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-65088000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
133853000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
151508000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3864000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2421000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
250000000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
565000000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3767000
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
4523000
us-gaap Payments Of Dividends
PaymentsOfDividends
65000
us-gaap Payments Of Dividends
PaymentsOfDividends
7380000
nbr Payments To Redeemable Noncontrolling Interest
PaymentsToRedeemableNoncontrollingInterest
49077000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3489000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1790000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-445000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2496000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-602472000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
37828000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-863000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-720000
us-gaap Profit Loss
ProfitLoss
-434427000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1273510000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
475280000
nbr Deferred Dividend For Earned Equity Instruments Other Than Options
DeferredDividendForEarnedEquityInstrumentsOtherThanOptions
75000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
704273000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
773783000
us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.75
us-gaap Dividends Preferred Stock
DividendsPreferredStock
3653000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-569237000
nbr Stock And Warrants Issued During Period Value Warrants
StockAndWarrantsIssuedDuringPeriodValueWarrants
2719000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
252000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
991471000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
472246000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
282039000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3034000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1273510000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
475280000
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
420307000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
771878000
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
283966000
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1905000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
704273000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
773783000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
936943000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-115722000
CY2021Q3 nbr Deferred Dividend For Earned Equity Instruments Other Than Options
DeferredDividendForEarnedEquityInstrumentsOtherThanOptions
65000
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2248000
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4465000
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
12872000
CY2021Q3 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
2356000
CY2021Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
66000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
833823000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
600802000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-4461000
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1611000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4024000
CY2022Q3 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
2601000
CY2022Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
-12000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
596165000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1256808000
nbr Noncontrolling Interest Contributions Distributions
NoncontrollingInterestContributionsDistributions
-1790000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
12872000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15205000
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
-5000
us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
7088000
us-gaap Stockholders Equity Other
StockholdersEquityOther
1557000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
833823000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
718938000
us-gaap Profit Loss
ProfitLoss
-249064000
nbr Warrant Exercise
WarrantExercise
152503000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-933000
nbr Noncontrolling Interest Contributions Distributions
NoncontrollingInterestContributionsDistributions
-3490000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11854000
CY2022Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-4461000
CY2021Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-115702000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-249064000
us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
7720000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-434434000
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9322000
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6778000
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2609815000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
32132000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3293600000
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
24298000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
596165000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Note 1 General</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">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. References in this report to “Nabors Delaware” mean Nabors Industries, Inc., a wholly owned subsidiary of Nabors.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="white-space:pre-wrap;"> Our business is comprised of our global land-based and offshore drilling rig operations and other rig related services and technologies. These services and technologies include tubular running services, wellbore placement solutions, directional drilling, measurement-while-drilling (“MWD”), logging-while-drilling (“LWD”) systems and services, equipment manufacturing, rig instrumentation and drilling optimization software.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">With operations in over 15 countries, we are a global provider of drilling and drilling-related services for land-based and offshore oil and natural gas wells, with a fleet of rigs and drilling-related equipment which, as of September 30, 2022 included:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:20.25pt;"/><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:20.25pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">299</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> actively marketed rigs for land-based drilling operations in the United States and various countries throughout the world; and</span></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 40.5pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:20.25pt;"/><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:20.25pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">29</span><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. </span></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 36pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="color:#252525;">The short- and long-term implications </span>of the military hostilities between Russia and Ukraine, which began in early 2022, <span style="color:#252525;white-space:pre-wrap;">are difficult to predict at this time. </span><span style="white-space:pre-wrap;">We continue to actively monitor this dynamic situation and will fulfill any existing obligations in full compliance with applicable international laws and sanctions. As of September 30, 2022, </span>1.1%<span style="white-space:pre-wrap;"> of our property, plant and equipment, net was located in Russia. For the nine months ending September 30, 2022, </span>1.6% of our operating revenues was from operations in Russia.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p>
nbr Marketed Rigs For Land Based Drilling Operations
MarketedRigsForLandBasedDrillingOperations
299
nbr Marketed Rigs For Offshore Drilling Operations
MarketedRigsForOffshoreDrillingOperations
29
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
21168000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3653000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Reclassification of Prior Year Presentation</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="white-space:pre-wrap;">Certain prior year amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p>
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
30805000
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
2585517000
CY2022Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
117167000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
105638000
CY2022Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
6615000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1368000
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5334000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
19442000
CY2022Q3 us-gaap Inventory Net
InventoryNet
129116000
CY2021Q4 us-gaap Inventory Net
InventoryNet
126448000
CY2022Q3 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
2601000
CY2021Q3 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
2356000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
3262795000
CY2022Q3 nbr Maturity Value Of Notes Tendered By Warrant Holders
MaturityValueOfNotesTenderedByWarrantHolders
131700000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-62.26
nbr Percentage Of Contract With Customer Liability Revenue Recognized
PercentageOfContractWithCustomerLiabilityRevenueRecognized
0.45
us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
7720000
CY2022Q2 nbr Multiplying Factor For Exercise Of Warrants
MultiplyingFactorForExerciseOfWarrants
3
CY2022Q2 nbr Minimum Percentage Which Stock Price Before Exercise Must Exceed Volume Weighted Average Stock Price
MinimumPercentageWhichStockPriceBeforeExerciseMustExceedVolumeWeightedAverageStockPrice
0.06
CY2022Q3 nbr Anti Dilution Adjustment Shares Price Percentage Of Market Price
AntiDilutionAdjustmentSharesPricePercentageOfMarketPrice
0.95
us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
7088000
CY2022Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-16384000
CY2021Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-124836000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-288916000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-466343000
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-20000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
7000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9099000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7907000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8830000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7490000
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.80
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-15.79
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-32.72
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4441000
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-62.26
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.80
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-15.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-32.72
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
71814000
CY2022Q3 us-gaap Litigation Reserve Current
LitigationReserveCurrent
17676000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-16384000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-124836000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-288916000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-466343000
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-20000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
7000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9099000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7907000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8830000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7490000
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.80
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-15.79
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-32.72
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-62.26
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.80
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-15.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-32.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-62.26
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3369000
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4430000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3369000
CY2022Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
74867000
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
51993000
CY2022Q3 nbr Deferred Revenue And Proceeds On Insurance And Asset Sales
DeferredRevenueAndProceedsOnInsuranceAndAssetSales
39977000
CY2021Q4 nbr Deferred Revenue And Proceeds On Insurance And Asset Sales
DeferredRevenueAndProceedsOnInsuranceAndAssetSales
59816000
CY2022Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
37697000
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
34333000
CY2022Q3 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
6588000
CY2021Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
6588000
CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
55722000
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
58545000
CY2021Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
14939000
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
9368000
CY2022Q3 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
4335000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7688000
CY2022Q3 nbr Accrued Liabilities Including Employee Related Liabilities Current
AccruedLiabilitiesIncludingEmployeeRelatedLiabilitiesCurrent
241895000
CY2021Q4 nbr Accrued Liabilities Including Employee Related Liabilities Current
AccruedLiabilitiesIncludingEmployeeRelatedLiabilitiesCurrent
247171000
CY2021Q3 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
2603000
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
12463000
CY2021Q3 nbr Nonoperating Income Expense Excluding Net Investment Income
NonoperatingIncomeExpenseExcludingNetInvestmentIncome
-22758000
nbr Nonoperating Income Expense Excluding Net Investment Income
NonoperatingIncomeExpenseExcludingNetInvestmentIncome
-68975000
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
5944000
CY2022Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
4814000
CY2021Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
211000
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
6535000
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
1214000
CY2022Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
-1000
CY2021Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
-11000
us-gaap Gain Loss On Investments
GainLossOnInvestments
-737000
us-gaap Gain Loss On Investments
GainLossOnInvestments
187000
CY2022Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
4813000
CY2021Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
200000
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
5798000
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
1401000
CY2022Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-4650000
CY2021Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
168000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1129000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-17320000
CY2021Q3 nbr Technology Expense
TechnologyExpense
14733000
nbr Technology Expense
TechnologyExpense
14733000
CY2022Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
34049000
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-59684000
CY2021Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
545000
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
877000
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-867000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
4054000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3394000
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1259000
CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
2521000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
3236000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10706000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1246000
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-6699000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2989000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-7329000
CY2022Q3 nbr Nonoperating Income Expense Excluding Net Investment Income
NonoperatingIncomeExpenseExcludingNetInvestmentIncome
25954000
nbr Nonoperating Income Expense Excluding Net Investment Income
NonoperatingIncomeExpenseExcludingNetInvestmentIncome
-96559000
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.57
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
694136000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
524165000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1893618000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1474009000
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
60371000
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-15093000
us-gaap Operating Income Loss
OperatingIncomeLoss
93397000
us-gaap Operating Income Loss
OperatingIncomeLoss
-77097000
CY2022Q3 us-gaap Assets
Assets
4768555000
CY2021Q4 us-gaap Assets
Assets
5525364000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
694136000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1893618000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
524165000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1474009000
CY2021Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
350000000.0
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
24900000
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
1900000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
42900000
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
29300000
CY2022Q3 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
380200000
CY2022Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
22900000
CY2022Q3 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
600000
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
25400000
CY2022Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5400000
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.28
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.15
nbr Contract Asset Amortization Percentage First Year After Latest Fiscal Year
ContractAssetAmortizationPercentageFirstYearAfterLatestFiscalYear
0.87
CY2022Q3 nbr Contract Asset Amortization Percentage Recognized
ContractAssetAmortizationPercentageRecognized
0.77
CY2022Q3 nbr Contract Asset Amortization Percentage Second Year After Latest Fiscal Year
ContractAssetAmortizationPercentageSecondYearAfterLatestFiscalYear
0.13

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