Nabors Industries Ltd. (NBRWF) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
CROWN HOUSE HAMILTON, HM08, 0000 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1381 - Drilling Oil and Gas Wells (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,070 | 452 | 991 | 482 | 17 | 34 | |||
| Cash and cash equivalent | 1,057 | 451 | 991 | 472 | |||||
| Short-term investments | 13 | 1 | 0 | 10 | 17 | 34 | |||
| Receivables | 348 | 327 | 288 | 363 | 534 | 879 | |||
| Inventory, net of allowances, customer advances and progress billings | 148 | 128 | 126 | 161 | 176 | 166 | |||
| Inventory | 148 | 128 | 126 | 161 | 176 | 166 | |||
| Contract with customer, asset, after allowance for credit loss | 49 | 56 | |||||||
| Disposal group, including discontinued operation | 17 | 17 | 3 | 12 | |||||
| Other current assets | 80 | 93 | 96 | 110 | 164 | 178 | |||
| Other undisclosed current assets | 307 | 269 | |||||||
| Total current assets: | 1,646 | 1,001 | 1,518 | 1,131 | 1,249 | 1,594 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 2,899 | 3,026 | 3,332 | 3,986 | 4,931 | 5,468 | |||
| Intangible assets, net (including goodwill) | 28 | 184 | |||||||
| Goodwill | 28 | 184 | |||||||
| Contract with customer, asset, after allowance for credit loss | 32 | ||||||||
| Asset, held-in-trust | 315 | 285 | 282 | ||||||
| Deferred income tax assets | 239 | 257 | 259 | 247 | 306 | ✕ | |||
| Other noncurrent assets | 179 | 161 | 135 | 139 | 247 | 264 | |||
| Other undisclosed noncurrent assets | 313 | ||||||||
| Total noncurrent assets: | 3,632 | 3,729 | 4,008 | 4,372 | 5,512 | 6,260 | |||
| TOTAL ASSETS: | 5,278 | 4,730 | 5,525 | 5,503 | 6,761 | 7,854 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 530 | 533 | 520 | 507 | 643 | 832 | |||
| Taxes payable | ✕ | ✕ | ✕ | 19 | 10 | 15 | 21 | ||
| Accounts payable | 294 | 314 | 254 | 221 | 295 | 393 | |||
| Accrued liabilities | 235 | 219 | 247 | 276 | 333 | 418 | |||
| Deferred revenue | 29 | 38 | ✕ | ||||||
| Debt | 630 | 13 | 1 | ||||||
| Estimated litigation liability | 20 | 19 | |||||||
| Other undisclosed current liabilities | 5 | 7 | 5 | 8 | |||||
| Total current liabilities: | 1,214 | 596 | 525 | 515 | 657 | 832 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,512 | 2,538 | 3,263 | 2,969 | 3,333 | 3,586 | |||
| Long-term debt, excluding current maturities | 2,512 | 2,538 | 3,263 | 2,969 | 3,333 | 3,586 | |||
| Liabilities, other than long-term debt | 271 | 381 | 343 | 320 | 295 | 281 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6 | ||
| Deferred income tax liabilities | 1 | 3 | 3 | 2 | 3 | ✕ | |||
| Other liabilities | 270 | 378 | 340 | 318 | 292 | 274 | |||
| Total noncurrent liabilities: | 2,783 | 2,918 | 3,606 | 3,288 | 3,629 | 3,867 | |||
| Total liabilities: | 3,997 | 3,514 | 4,131 | 3,804 | 4,285 | 4,699 | |||
| Temporary equity, including noncontrolling interest | 739 | 679 | 675 | 443 | 425 | 405 | |||
| Equity | |||||||||
| Equity, attributable to parent | 327 | 369 | 591 | 1,151 | 1,983 | 2,701 | |||
| Preferred stock | 0 | 0 | 0 | ||||||
| Common stock | 1 | 1 | 0 | 0 | 0 | 0 | |||
| Treasury stock, value | (1,316) | (1,316) | (1,316) | (1,316) | (1,314) | (1,314) | |||
| Additional paid in capital | 3,539 | 3,536 | 3,455 | 3,424 | 3,413 | 3,393 | |||
| Accumulated other comprehensive loss | (11) | (11) | (11) | (11) | (12) | (29) | |||
| Retained earnings (accumulated deficit) | (1,886) | (1,841) | (1,538) | (946) | (105) | 651 | |||
| Equity, attributable to noncontrolling interest | 215 | 168 | 128 | 105 | 67 | 49 | |||
| Total equity: | 542 | 537 | 719 | 1,257 | 2,050 | 2,750 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,278 | 4,730 | 5,525 | 5,503 | 6,761 | 7,854 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,006 | 2,654 | 2,018 | 2,134 | 3,043 | 3,058 | ||
| Revenue from related parties | ✕ | ✕ | 618 | 613 | 673 | 724 | ||
| Cost of revenue | (2,594) | (2,621) | (2,229) | (2,381) | (3,020) | (3,063) | ||
| Cost of product and service sold | (1,790) | (1,666) | (1,287) | (1,333) | (1,929) | (1,977) | ||
| Gross profit: | 412 | 33 | (211) | (247) | 23 | (6) | ||
| Operating expenses | (327) | (294) | (278) | (460) | (623) | (503) | ||
| Operating income (loss): | 85 | (261) | (490) | (707) | (599) | (509) | ||
| Nonoperating expense | (52) | (27) | (23) | (39) | ||||
| Investment income, nonoperating | 2 | 1 | 10 | (9) | ||||
| Loss, foreign currency transaction, before tax | ||||||||
| Other nonoperating expense | (53) | (29) | (33) | (30) | ||||
| Interest and debt expense | 25 | 4 | (171) | (206) | (193) | (232) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 111 | (257) | (713) | (940) | (815) | (781) | ||
| Income (loss) from equity method investments | (0) | 0 | ||||||
| Other undisclosed income from continuing operations before income taxes | 19 | 11 | 225 | 235 | 226 | 262 | ||
| Income (loss) from continuing operations before income taxes: | 129 | (246) | (488) | (706) | (589) | (519) | ||
| Income tax expense | (79) | (62) | (56) | (57) | (92) | (79) | ||
| Income (loss) from continuing operations: | 50 | (307) | (544) | (763) | (680) | (598) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (544) | (763) | (681) | (613) | |
| Income (loss) from discontinued operations | 0 | 0 | (0) | (15) | ||||
| Net income (loss): | 50 | (307) | (544) | (763) | (681) | (613) | ||
| Net loss attributable to noncontrolling interest | (62) | (43) | (26) | (43) | (22) | (28) | ||
| Net loss attributable to parent: | (12) | (350) | (569) | (806) | (703) | (641) | ||
| Preferred stock dividends and other adjustments | (9) | (4) | (15) | (17) | (12) | |||
| Other undisclosed net loss available to common stockholders, basic | (30) | |||||||
| Net loss available to common stockholders, basic: | (50) | (350) | (573) | (820) | (720) | (653) | ||
| Other undisclosed net income (loss) available to common stockholders, diluted | (10) | (9) | (18) | (21) | 2 | |||
| Net loss available to common stockholders, diluted: | (50) | (361) | (582) | (838) | (741) | (652) | ||
Comprehensive Income ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 50 | (307) | (544) | (763) | (681) | (613) | ||
| Other comprehensive income (loss) | 0 | (0) | 0 | 1 | 18 | (41) | ||
| Comprehensive income (loss): | 50 | (308) | (543) | (762) | (663) | (653) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (62) | (43) | (26) | (43) | (22) | (28) | ||
| Comprehensive loss, net of tax, attributable to parent: | (12) | (351) | (569) | (805) | (685) | (681) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.