Company Analysis

Nabors Industries Ltd. (NBR)

NYSE: NBR · Drilling Oil & Gas Wells · Hamilton, Hm08, BM · filing with the SEC since 2002
Grade5.0
◀ Past 3.0● Present 5.4▶ Future 6.4

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedFeb 13, 2026Feb 13, 2025Feb 12, 2024Feb 9, 2023Feb 18, 2022Feb 24, 2021Feb 25, 2020Feb 28, 2019Mar 1, 2018Feb 28, 2017
Revenue3,184,6932,930,1263,005,9812,653,7662,017,5482,134,0433,043,3833,057,6192,564,2852,227,839
Cost of revenue··1,790,3801,666,0041,286,8961,333,0721,929,3311,976,9741,718,0691,344,298
Research and development53,06357,06356,29749,93935,15333,56450,35956,14751,06933,582
General and administrative304,587249,317244,147228,431213,559203,515258,731265,822251,184227,639
Total costs and expenses2,674,8132,999,8792,920,6772,914,4402,507,1942,841,0483,642,5183,566,9153,145,5703,205,183
Operating income471,051416,769r433,70744,320r-80,787-171,46189,14558,621-141,937-118,335
Interest expense215,366210,864185,285177,895171,476206,274204,311227,124222,889185,360
Interest and investment income27,91439,09745,90015,4741,5274,70510,218-9,4991,1941,183
Share of profit of equity-method investments··61,68843,04325,58242,795-517-221,914
Other income (expense), net-12,226-9,943r15,214r-6,621-1,708r170r-33,224-29,532-14,880-44,174r
Income before income taxes537,528-31,040129,124-245,682-488,089-705,567-588,922-518,794-580,084-1,198,075
Income tax expense163,09556,94779,22061,53655,62157,28691,57679,269-82,970-186,831
Income from continuing operations374,433-87,98749,904-307,218-543,710-762,853-680,498-598,063-497,114-1,011,244
Income from discontinued operations····207-12-14,663-43,519-18,363
Net income including non-controlling interests374,433-87,98749,904-307,218-543,690-762,846-680,510-612,726-540,633-1,029,607
Net income to non-controlling interests87,80988,09761,68843,04325,58242,79522,37528,2226,178135
Net income286,624-176,084-11,784-350,261-569,272-805,641-702,885-640,948-546,811-1,029,742
Preferred dividends····3,65314,61117,24412,305··
Net income to common shareholders247,339-205,807-50,246-360,585r-582,390r-820,252-720,129-653,253-546,811-1,029,742
Earnings per share, basic18.75-22.37-5.49-40.52-76.58-118.69-105.39r-99.61r-95.00b-182.00b
Earnings per share, diluted17.39-22.37-5.49-40.52-76.58-118.69-105.39r-99.61r-95.00b-182.00b
Weighted average shares, basic13,193,0009,202,0009,159,0008,898,0007,605,0007,059,0007,032,000r6,688,000r5,613,060b5,529,500b
Weighted average shares, diluted14,416,0009,202,0009,159,0008,898,0007,605,0007,059,0007,032,000r6,688,000r5,613,060b5,529,500b
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-50 reverse split of Apr 2020.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueNet
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterestAndDividend
us-gaap:InvestmentIncomeNet
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton NBR · research, not advice