Nabors Industries Ltd. (NBR) financial statements (2021 and earlier)

Company profile

Business Address CROWN HOUSE
HAMILTON, HM08, 0000
State of Incorp.
Fiscal Year End December 31
SIC 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments482173428295275536
Cash and cash equivalents472   264255501
Short-term investments10173428312035
Receivables3635348797535087851,518
Inventory, net of allowances, customer advances and progress billings161176166166104154230
Inventory161176166166104154230
Contract with customer, asset 4956
Disposal group, including discontinued operation17312377776 
Assets held-for-sale146
Deferred tax assets    118
Other current assets110164178180172187193
Other undisclosed current assets 307269283   
Total current assets:1,1311,2491,5941,4471,1561,4762,742
Noncurrent Assets
Property, plant and equipment3,9864,9315,4686,1106,2687,0288,599
Long-term investments and receivables, including:    14153
Long-term investments    141558
Other undisclosed long-term investments and receivables      (55)
Intangible assets, net (including goodwill) 28184173167167174
Goodwill 28184173167167174
Contract with customer, asset, net  32
Deferred income tax assets247306
Other noncurrent assets139247264253596452304
Deferred tax assets, net 419  31
Other undisclosed noncurrent assets  313   27
Total noncurrent assets:4,3725,5126,2606,9557,0318,0629,138
TOTAL ASSETS:5,5036,7617,8548,4028,1879,53811,880
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5076438329198221,0001,797
Accounts payable221295393363265272780
Accrued liabilities276333418533543687728
Employee-related liabilities      178
Taxes payable101521231441112
Debt 1310076
Estimated litigation liability      24
Disposal group, including discontinued operation      20
Deferred revenue and credits   298
Deferred tax liabilities    4
Other undisclosed current liabilities8     (581)
Total current liabilities:5156578329198221,0061,567
Noncurrent Liabilities
Long-term debt and lease obligation2,9693,3333,5864,0283,5783,6554,349
Long-term debt, excluding current maturities2,9693,3333,5864,0283,5783,6554,349
Liabilities, other than long-term debt3202952813125225821,046
Deferred tax liabilities, net610 29443
Deferred income tax liabilities23
Due to related parties      1
Other liabilities318292274302522553602
Other undisclosed noncurrent liabilities    9 (1)
Total noncurrent liabilities:3,2883,6293,8674,3404,1104,2375,394
Total liabilities:3,8044,2854,6995,2594,9325,2446,961
Temporary equity, carrying amount443425405204   
Stockholders' equity
Stockholders' equity attributable to parent1,1511,9832,7012,9123,2474,2834,909
Preferred stock000    
Common stock0000000
Treasury stock, value(1,316)(1,314)(1,314)(1,314)(1,296)(1,294)(1,195)
Additional paid in capital3,4243,4133,3932,7912,5212,4932,452
Accumulated other comprehensive income (loss)(11)(12)(29)11(12)(48)78
Retained earnings (accumulated deficit)(946)(105)6511,4232,0333,1313,573
Stockholders' equity attributable to noncontrolling interest10567492781110
Total stockholders' equity:1,2572,0502,7502,9393,2554,2944,919
TOTAL LIABILITIES AND EQUITY:5,5036,7617,8548,4028,1879,53811,880

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,1343,0433,0582,5642,2283,8646,804
Revenue, net2,5642,2283,8646,804
Revenue from related parties613673724
Cost of revenue(2,381)(3,020)(3,063)(2,794)(2,327)(3,423)(5,530)
Cost of goods and services sold(1,333)(1,929)(1,977)(1,718)(1,344)(2,371)(4,505)
Gross profit:(247)23(6)(230)(100)4411,274
Operating expenses(460)(623)(503)(351)(878)(796)(1,884)
Other undisclosed operating income      1,208
Operating income (loss):(707)(599)(509)(581)(977)(355)598
Nonoperating income (expense)(27)(23)(39)(14)(36)418
Investment income, nonoperating110(9)1129
Other nonoperating income (expense)(29)(33)(30)(15)(38)39 
Interest and debt expense(206)(193)(232)(239)(185)(182)(184)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (1,027)
Loss from continuing operations before equity method investments, income taxes:(940)(815)(781)(834)(1,199)(495)(605)
Income (loss) from equity method investments (0)00(222)(75)(6)
Other undisclosed income from continuing operations before income taxes2352262622542231436
Loss from continuing operations before income taxes:(706)(589)(519)(580)(1,198)(428)(605)
Income tax expense (benefit)(57)(92)(79)8318798(63)
Other undisclosed loss from continuing operations      (2)
Loss from continuing operations:(763)(680)(598)(497)(1,011)(329)(669)
Income (loss) from discontinued operations0(0)(15)(44)(18)(43)0
Net loss:(763)(681)(613)(541)(1,030)(372)(669)
Net loss attributable to noncontrolling interest(43)(22)(28)(6)(0)(0)(1)
Net loss attributable to parent:(806)(703)(641)(547)(1,030)(373)(671)
Preferred stock dividends and other adjustments(15)(17)(12)    
Undistributed earnings (loss) allocated to participating securities, basic   13
Net loss available to common stockholders, basic:(820)(720)(653)(534)(1,030)(373)(671)
Other undisclosed net income (loss) available to common stockholders, diluted(18)(21)24441  
Net loss available to common stockholders, diluted:(838)(741)(652)(490)(989)(373)(671)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(763)(681)(613)(541)(1,030)(372)(669)
Other comprehensive income (loss)118(41)2436(127)(140)
Comprehensive loss:(762)(663)(653)(517)(994)(499)(809)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(43)(22)(28)(6)(0)10
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive loss, net of tax, attributable to parent:(805)(685)(681)(524)(994)(498)(809)

Statements sources

The financial statements are based on the company's filings with the 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.

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