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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments173428295275536507
Cash and cash equivalents   264255501390
Short-term investments173428312035117
Receivables5348797535087851,5181,400
Inventory, net of allowances, customer advances and progress billings176166166104154230210
Inventory176166166104154230210
Contract with customer, asset4956
Disposal group, including discontinued operation312377776  
Assets held-for-sale146243
Deferred tax assets    118121
Other current assets164178180172187193273
Other undisclosed current assets307269283    
Total current assets:1,2491,5941,4471,1561,4762,7422,754
Noncurrent Assets
Property, plant and equipment4,9315,4686,1106,2687,0288,5998,598
Long-term investments and receivables, including:   141533
Long-term investments   1415583
Other undisclosed long-term investments and receivables     (55) 
Intangible assets, net (including goodwill)28184173167167174513
Goodwill28184173167167174513
Contract with customer, asset, net 32
Deferred income tax assets306
Other noncurrent assets247264253596452304228
Deferred tax assets, net 419  316
Other undisclosed noncurrent assets 313   2758
Total noncurrent assets:5,5126,2606,9557,0318,0629,1389,406
TOTAL ASSETS:6,7617,8548,4028,1879,53811,88012,160
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6438329198221,0001,7971,551
Accounts payable295393363265272780546
Accrued liabilities333418533543687728697
Employee-related liabilities     178173
Taxes payable1521231441112135
Debt131007610
Estimated litigation liability     2431
Disposal group, including discontinued operation     2064
Deferred revenue and credits   298203
Deferred tax liabilities    43
Other undisclosed current liabilities     (581)(551)
Total current liabilities:6578329198221,0061,5671,311
Noncurrent Liabilities
Long-term debt and lease obligation3,3333,5864,0283,5783,6554,3493,904
Long-term debt, excluding current maturities3,3333,5864,0283,5783,6554,3493,904
Liabilities, other than long-term debt2952813125225821,046895
Deferred tax liabilities, net610 29443516
Deferred income tax liabilities3
Due to related parties     11
Other liabilities292274302522553602378
Other undisclosed noncurrent liabilities   9 (1)(1)
Total noncurrent liabilities:3,6293,8674,3404,1104,2375,3944,798
Total liabilities:4,2854,6995,2594,9325,2446,9616,109
Temporary equity, carrying amount425405204   69
Stockholders' equity
Stockholders' equity attributable to parent1,9832,7012,9123,2474,2834,9095,969
Preferred stock00     
Common stock0000000
Treasury stock, value(1,314)(1,314)(1,314)(1,296)(1,294)(1,195)(945)
Additional paid in capital3,4133,3932,7912,5212,4932,4522,393
Accumulated other comprehensive income (loss)(12)(29)11(12)(48)78308
Retained earnings (accumulated deficit)(105)6511,4232,0333,1313,5734,213
Stockholders' equity attributable to noncontrolling interest6749278111012
Total stockholders' equity:2,0502,7502,9393,2554,2944,9195,981
TOTAL LIABILITIES AND EQUITY:6,7617,8548,4028,1879,53811,88012,160

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,0433,0582,5642,2283,8646,8046,152
Revenue, net2,5642,2283,8646,8046,152
Revenue from related parties673724
Cost of revenue(3,020)(3,063)(2,794)(2,327)(3,423)(5,530)(5,296)
Cost of goods and services sold(1,929)(1,977)(1,718)(1,344)(2,371)(4,505)(3,982)
Gross profit:23(6)(230)(100)4411,274856
Operating expenses(623)(503)(351)(878)(796)(1,884)(847)
Other undisclosed operating income     1,208549
Operating income (loss):(599)(509)(581)(977)(355)598558
Nonoperating income (expense)(23)(39)(14)(36)41893
Investment income, nonoperating10(9)112999
Other nonoperating income (expense)(33)(30)(15)(38)39  
Interest and debt expense(193)(232)(239)(185)(182)(184)(435)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (1,027)(110)
Income (loss) from continuing operations before equity method investments, income taxes:(815)(781)(834)(1,199)(495)(605)106
Income (loss) from equity method investments(0)00(222)(75)(6)0
Other undisclosed income (loss) from continuing operations before income taxes2262622542231436(0)
Income (loss) from continuing operations before income taxes:(589)(519)(580)(1,198)(428)(605)106
Income tax expense (benefit)(92)(79)8318798(63)55
Other undisclosed loss from continuing operations     (2)(3)
Income (loss) from continuing operations:(680)(598)(497)(1,011)(329)(669)158
Income (loss) from discontinued operations(0)(15)(44)(18)(43)0(11)
Net income (loss):(681)(613)(541)(1,030)(372)(669)147
Net loss attributable to noncontrolling interest(22)(28)(6)(0)(0)(1)(7)
Net income (loss) attributable to parent:(703)(641)(547)(1,030)(373)(671)140
Preferred stock dividends and other adjustments(17)(12)     
Undistributed earnings (loss) allocated to participating securities, basic  13
Net income (loss) available to common stockholders, basic:(720)(653)(534)(1,030)(373)(671)140
Other undisclosed net income (loss) available to common stockholders, diluted(21)24441   
Net income (loss) available to common stockholders, diluted:(741)(652)(490)(989)(373)(671)140

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(681)(613)(541)(1,030)(372)(669)147
Other comprehensive income (loss)18(41)2436(127)(140)(125)
Comprehensive income (loss):(663)(653)(517)(994)(499)(809)22
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(22)(28)(6)(0)106
Other undisclosed comprehensive loss, net of tax, attributable to parent     (1)(12)
Comprehensive income (loss), net of tax, attributable to parent:(685)(681)(524)(994)(498)(809)16

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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