Nabors Industries Ltd. (NBR) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments991482173428295275
Cash and cash equivalents991472   264255
Short-term investments0101734283120
Receivables288363534879753508785
Inventory, net of allowances, customer advances and progress billings126161176166166104154
Inventory126161176166166104154
Contract with customer, asset  4956
Disposal group, including discontinued operation1717312377776
Other current assets96110164178180172187
Other undisclosed current assets  307269283  
Total current assets:1,5181,1311,2491,5941,4471,1561,476
Noncurrent Assets
Property, plant and equipment3,3323,9864,9315,4686,1106,2687,028
Long-term investments and receivables     1415
Long-term investments     1415
Intangible assets, net (including goodwill)  28184173167167
Goodwill  28184173167167
Contract with customer, asset, net   32
Assets held-in-trust282      
Deferred income tax assets259247306
Other noncurrent assets135139247264253596452
Deferred tax assets, net 419  
Other undisclosed noncurrent assets   313   
Total noncurrent assets:4,0084,3725,5126,2606,9557,0318,062
TOTAL ASSETS:5,5255,5036,7617,8548,4028,1879,538
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5205076438329198221,000
Accounts payable254221295393363265272
Accrued liabilities247276333418533543687
Taxes payable19101521231441
Debt  131007
Other undisclosed current liabilities58     
Total current liabilities:5255156578329198221,006
Noncurrent Liabilities
Long-term debt and lease obligation3,2632,9693,3333,5864,0283,5783,655
Long-term debt, excluding current maturities3,2632,9693,3333,5864,0283,5783,655
Liabilities, other than long-term debt343320295281312522582
Deferred tax liabilities, net610 29
Deferred income tax liabilities323
Other liabilities340318292274302522553
Other undisclosed noncurrent liabilities     9 
Total noncurrent liabilities:3,6063,2883,6293,8674,3404,1104,237
Total liabilities:4,1313,8044,2854,6995,2594,9325,244
Temporary equity, carrying amount675443425405204  
Stockholders' equity
Stockholders' equity attributable to parent5911,1511,9832,7012,9123,2474,283
Preferred stock 000   
Common stock0000000
Treasury stock, value(1,316)(1,316)(1,314)(1,314)(1,314)(1,296)(1,294)
Additional paid in capital3,4553,4243,4133,3932,7912,5212,493
Accumulated other comprehensive income (loss)(11)(11)(12)(29)11(12)(48)
Retained earnings (accumulated deficit)(1,538)(946)(105)6511,4232,0333,131
Stockholders' equity attributable to noncontrolling interest128105674927811
Total stockholders' equity:7191,2572,0502,7502,9393,2554,294
TOTAL LIABILITIES AND EQUITY:5,5255,5036,7617,8548,4028,1879,538

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,0182,1343,0433,0582,5642,2283,864
Revenue, net2,5642,2283,864
Revenue from related parties618613673724
Cost of revenue(2,229)(2,381)(3,020)(3,063)(2,794)(2,327)(3,423)
Cost of goods and services sold(1,287)(1,333)(1,929)(1,977)(1,718)(1,344)(2,371)
Gross profit:(211)(247)23(6)(230)(100)441
Operating expenses(278)(460)(623)(503)(351)(878)(796)
Operating loss:(490)(707)(599)(509)(581)(977)(355)
Nonoperating income (expense)(52)(27)(23)(39)(14)(36)41
Investment income, nonoperating2110(9)112
Other nonoperating income (expense)(53)(29)(33)(30)(15)(38)39
Interest and debt expense(171)(206)(193)(232)(239)(185)(182)
Loss from continuing operations before equity method investments, income taxes:(713)(940)(815)(781)(834)(1,199)(495)
Income (loss) from equity method investments  (0)00(222)(75)
Other undisclosed income from continuing operations before income taxes225235226262254223143
Loss from continuing operations before income taxes:(488)(706)(589)(519)(580)(1,198)(428)
Income tax expense (benefit)(56)(57)(92)(79)8318798
Loss from continuing operations:(544)(763)(680)(598)(497)(1,011)(329)
Income (loss) from discontinued operations00(0)(15)(44)(18)(43)
Net loss:(544)(763)(681)(613)(541)(1,030)(372)
Net loss attributable to noncontrolling interest(26)(43)(22)(28)(6)(0)(0)
Net loss attributable to parent:(569)(806)(703)(641)(547)(1,030)(373)
Preferred stock dividends and other adjustments(4)(15)(17)(12)   
Undistributed earnings (loss) allocated to participating securities, basic    13
Net loss available to common stockholders, basic:(573)(820)(720)(653)(534)(1,030)(373)
Other undisclosed net income (loss) available to common stockholders, diluted(9)(18)(21)24441 
Net loss available to common stockholders, diluted:(582)(838)(741)(652)(490)(989)(373)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(544)(763)(681)(613)(541)(1,030)(372)
Other comprehensive income (loss)0118(41)2436(127)
Comprehensive loss:(543)(762)(663)(653)(517)(994)(499)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(26)(43)(22)(28)(6)(0)1
Comprehensive loss, net of tax, attributable to parent:(569)(805)(685)(681)(524)(994)(498)

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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